30 euro the resolution was adopted by 99

The coup de theatre was not held. Guy Wyser-Pratte will not come to the Supervisory Board of Lagardère Group: its resolution to this effect has been rejected in 77,91 of the vote in the general meeting of the group, yesterday morning. The activist investor posted yet before the huge optimism, saying behind him many international shareholders, alongside its own 0.53 of the capital of Lagardère. But the support of the consulting company to institutional investors RiskMetrics, the Adam of Colette Neuville, or Proxinvest and Deminor will have brought it that 21,98 of the vote. "I am a little disappointed, but 20 is already a good start," he commented at the end of the General Assembly, claiming to want to retain his titles and continue the battle. The shareholders also rejected its resolution to remove in the term of sponsorship status 76,22 of the vote. But unlike the first, this resolution have in any event was not adopted, since an amendment to the statutes requires the agreement of the GPS, so of Arnaud Lagardère, who is obviously objected. More generally, those expected to attend a bloody battle were disappointed. There been no uproar or jousting. Arnaud Lagardère appeared tanned, smiling and relaxed. There started a long advocacy explaining the strategy of the Group since ten years and for the next five to ten years, touting the strength of group, insisting on its involvement and its long-term management. A way to respond to the attacks of Guy Wyser-Pratte, by interposed media.

In addition to his criticism of the status of partnership considers "archaic", the investor had castigated the "mismanagement" of the group, calling Arnaud Largardère "nice boy" preferring "go play tennis" instead of "leading company". Yesterday, he referred to the illegible "strategy" and the "stock market decline. He especially tried to convince the shareholders that, given its international profile and its intentions, they interest the appointed to the supervisory board instead choose Raymond Lévy, for example, which he emphasized the great age (83 years). Or Jean-Claude Magendie, the first President of the Court of appeal of Paris, which is going to retire but is not shareholder.

Defence of the sponsorship

"Which represents the shareholders within the Council" "I myself participated in 80 investment transactions, with an average duration of 2 years and a half", he argued, defending himself to be portrayed by Arnaud Lagardère vulture fund. Finally, he reiterated his attacks on sponsorship, responsible for according to him the discount of 20 of the action. "I want to boost the strategy and not the blasting", he said, before asking Arnaud Lagardère how much he was paying to the tennis player Richard Gasquet and his family. "Between 600,000 and 800,000 euros per year", replied without to disassemble Arnaud Lagardère. On a courteous tone, he responded point by point to Guy Wyser-Pratte, alleging that he first to have disclosed in advance his speech to the press, or not asking appointment directly. "My Assistant isn't called Madam Reuters", he Litvinenko. He defended the benefits of sponsorship, "essential factor of stability" in a volatile and violent world "You reproach me of having soiled you in the press." "In France, it is said:" it was the hospital mocks the charity! ' "he added.

Shareholders heard him. Despite the difficulties last year, the Group proposed to the General Assembly maintain the dividend at the same level as in 2008, 1.30 euro: the resolution was adopted by 99.56 of the vote. But speculation on the Lagardère action fell immediately after the Assembly: the title has lost 6 yesterday. It was mounted by 12 since March 24, eve of the offensive Guy Wyser-Pratte.