Aegis has announced that it will hold an extraordinary general meeting on Wednesday 4 April to vote on Vincent Bollore’s nominations to the board.
The Aegis board has again advised shareholders to vote against Bollore’s nominations, having seen off two previous attempts to gain representation on the board (see
Bollore Fails Again In Aegis Board Bid).
The Aegis board believes that Bollore’s 25% stake in rival company Havas constitutes a conflict of interest and is adamant that shareholders should vote against his resolutions.
In contrast to board’s argument, Bollore has said that nominees Roger Hatchuel and Philippe Germond are independent and have new skills which they could bring to the Aegis board.
Colin Sharman, chairman of Aegis, said: “We are disappointed that one shareholder continues to disregard the consistent view of the overwhelming majority of other shareholders. These same shareholders have indicated that they see no merit in Groupe Bollore’s request for boardroom representation, recognising the inherent conflict of interest and the principle of corporate governance at stake.
“As such, we regret that Groupe Bollore is once again prepared to waste not only Aegis’ but other shareholders’ time and money.”
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