Shareholder Meetings
26 May 2006 AGM Circular
26 May 2006
Annual General Meeting
I wrote to you on 7 April 2006 enclosing the notice of Annual General Meeting, which was originally intended to take place at 11.00am on 24 May 2006. I am now writing to you again:
- to explain the background to stakebuilding by Groupe Bolloré, a group that is now the Company’s largest shareholder;
- to confirm why your Board feels confident about the current position and prospects of the Company;
- to explain why the Board decided to postpone the AGM from the original date;
- to confirm details of the business that will now be conducted at the AGM, including new proposals from Groupe Bolloré to nominate two additional members to the Board;
- to explain why your Board unanimously recommends that you vote AGAINST the director nominations proposed by Groupe Bolloré; and
- to advise you of the revised date, time and venue for the AGM and actions that we recommend you to take.
For reasons I will explain further below, it is even more important than usual that you vote at the AGM, either in person or by submitting the proxy form enclosed with this document.