Aegis is to hold a shareholder meeting on November 22 to consider Vincent Bollore’s nominations to the Aegis board.
Aegis said that shareholders should once again vote against Bollore’s nominees, Philippe Germond and Roger Hatchuel, who were rejected by shareholders at a meeting earlier in the year (see
Bollore Fails In Board Bid).
Bollore is Aegis’ biggest shareholder with a 29% stake and is also the chairman and main shareholder of French advertising group Havas.
If Bollore’s stake reaches the 30% threshold he will have to launch a full takeover bid under UK rules.
In a statement, Aegis said: “Any nominee put forward by Groupe Bollore has an overriding conflict of interest that makes them inappropriate to act as a director.
“The board is strongly opposed to adding directors who may favour one particular shareholder group over and above the interests of shareholders as a whole.”
Earlier in the week, Publicis announced that it is looking for acquisitions, with rumours circulating that Aegis could be targeted (see ITV Welcomes Ofcom’s Public Service Proposals).
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