Havas opens 100 million Euro Bond for 100 top Havas Executives
PARIS (Thomson Financial) - French advertising agency Havas said it would sell 100 mln eur of bonds with redeemable equity warrants to finance an executive incentive plan. The redeemable warrants will be sold to more than 100 top Havas executives, in particular ones who have joined within the past 12 months, to enable them ‘to partake in the group’s future growth’, Havas said. The bond issue will also strengthen Havas’ financial structure, Havas said.
We don’t even know where to start with this - first we want to know the reason Havas is doing the bond.. is it strengthen their bottom line or their top executives wallets?
Jan 14th, 2008 at 2:41 pm
[…] so sure it makes sense to Havas however. This is a long string of losses for Havas, on top of the financial trouble they have been having recently. This is the last thing management needs to […]