LONDON - CANAL+ SA, a global media and entertainment company, announced today that its entire issued ordinary share capital has been admitted to the Official List of the Financial Conduct Authority (FCA) and began trading on the London Stock Exchange (LON:LSEG)'s Main Market. The equity, amounting to 991,959,494 ordinary shares, is now available under the ticker symbol "CAN".
This move follows the company's previous communications and is a significant milestone for CANAL+, which started as a French subscription-TV channel and has since expanded its operations worldwide. The company is recognized among the Top 50 Most Valuable French Brands, according to Kantar Brandz's 2023 report.
CANAL+ boasts a substantial global footprint, with a presence in 195 countries, direct operations in 52, and approximately 9,000 employees. It holds a balanced portfolio in mature and high-growth markets, making it one of Europe's largest media companies by revenue and subscriber count. As of December 2023, the company reported having 26.8 million subscribers and a monthly active user base of over 400 million across its over-the-top (OTT) and video streaming platforms, which include Dailymotion.
The company's diverse business operations span subscription-TV, advertising-supported television, content production and distribution through its in-house studio Studiocanal, and telecommunications services. Additionally, CANAL+ is involved in operating renowned performance venues in France and Africa.
The listing on the London Stock Exchange is not connected to any offer of shares as part of the partial demerger from Vivendi (OTC:VIVHY) SE. Instead, it is solely for the purpose of trading the company's ordinary shares.
The financial community has taken note of the listing, with Barclays (LON:BARC) and BNP Paribas (OTC:BNPQY) acting as joint sponsors and lead financial advisers. A consortium of banks, including Bank of America (NYSE:BAC), Evercore, and Lazard (NYSE:LAZ), served as lead financial advisers, with several others acting as financial co-advisers and advisers.
Legal advisement was provided by Cabinet Bompoint, Cleary Gottlieb Steen & Hamilton LLP, and Gide for Vivendi, with Cleary Gottlieb Steen & Hamilton LLP advising CANAL+ and White & Case LLP advising the joint sponsors.
The company's announcement emphasizes that it does not make any representation or warranty as to the appropriateness, accuracy, completeness, or reliability of the announcement's information. The details of this announcement are based on a press release statement from CANAL+ SA.
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