Vivendi calls for share rumour inquiry
October 20, 2015
By Colin Mann
French media and entertainment group Vivendi has asked the Autorité des Marchés Financiers (French securities regulator) for an inquiry subsequent to the release of what it terms ‘false information’ suggesting there had been a 10 per cent drop in the number of Canal+ subscribers for September 2015, which negatively impacted its share price.
Vivendi was obliged to issue a press release indicating that in fact the real figure was positive. In a Statement, Vivendi said: “As a matter of fact, the number of new Canal+ subscribers over this period is actually up by 20 per cent.”
In an attempt to put an end to what it describes as “this detrimental campaign”, Vivendi has decided to file a complaint to the AMF for the propagation of misleading information and the negative affect on its share price.