The Aegis board has written to shareholders calling on them to oppose Havas chairman Vincent Bollore’s fifth attempt to get two places on the company’s board.
The Aegis board wrote that they unanimously recommend shareholders vote against Group Bollore’s request to appoint Philippe Germond and Roger Hatchuel as directors of Aegis at the annual general meeting on May 23.
Lord Sharman, chairman of Aegis, said: “As we approach a fifth vote on exactly the same two resolutions, Groupe Bollore remains a shareholder in Havas. And Havas remains a competitor to Aegis.
“Our primary concern now is that a sizeable majority of Aegis shareholders should make their views plain once again, and protect their investment in Aegis. Every single vote remains as important now as on previous occasions.”
Bollore claims that he should be allowed representation on the board as his 29.9% stake makes him the biggest single shareholder in the company.
Aegis, however, argues that there is a conflict of interest as he is also chairman of rival company Havas.
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