Havas Shares Fall Slightly On First Intraday Of Public Trading

Shares of a newly public Havas were down slightly in their first intraday of trading on Amsterdam's Euronext stock exchange this morning, following its spin-off from Vivendi.

The public trading, under the ticker symbol HAVAS, "marks a pivotal step towards the realization of our long-term vision," Chairman and CEO Yannick Bolloré said in a statement this morning, adding, "It gives us additional flexibility to accelerate our growth across our key business lines and strengthens our unique position within the dynamic marketing and communications industry."

Regarding its dividend policy, Havas said it intends to provide a regular return on capital to its shareholders through an annual dividend payment.

"This payment is expected to represent around 40% of the net income (group share) for the relevant financial year, starting in 2025 for the financial year ending December 31, 2024," it said.

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