• July 10, 2006

In a sign that some insiders may not believe the Aegis Group is likely to go into play, the company disclosed the sale of Aegis stock, including 238.771 shares by its CFO Jeremy Hicks. The company said Hicks, who vested 300,909 shares as part of his stock options package, will retain 62,138 of those shares, and holds 152,138 shares, as well as option rights for several million more. Aegis, which is the parent of media agencies such as Carat and Isobar, has been the subject of a boardroom battle with French financier and Havas Chairman Vincent Bollore, who some believe may be eyeing a takeover of Aegis. Bollore was jilted by the Aegis board and a majority of its shareholders in a recent attempt to win seats on the Aegis board, but has vowed to try again.