COVID-19 impacts - withdrawal of dividend and 2020 objectives

Withdrawal of the proposed dividend distribution at the AGM of 17 April:

The Board of Directors wishes to show solidarity and to share the sacrifices expected of all our partners and staff, and has therefore decided to withdraw the proposal to ask the Annual General Meeting of 17 April 2020 to approve the distribution of a dividend.

Withdrawal of 2020 objectives:

Given the change in circumstances since then (as described above), the Group has taken the inevitable decision to withdraw our two objectives for the 2020 financial year: double-digit current operating margin, and a cost of programmes of €985 million.

Arrangements for taking part in the Annual General Meeting:

The TF1 group confirms that the Annual General Meeting will be held on Friday 17 April at 2.30 pm CET, at 1 quai du Point du Jour – 92100 Boulogne Billancourt. In light of the ongoing public health crisis, the meeting will be held behind closed doors, in line with the provisions indicated in the press release published on 27 March 2020.