Aegis shares have risen 4% today on the LSE after it issued a trading update showing its revenues have grown by 24% year on year.
Aegis’ Board has a message for Vincent Bollore
The performance was helped by acquisitions and the weakness of the pound, but Aegis, headed by chief executive Robert Lerwill, still demonstrated strong organic growth at 8.3%.
Its share price rose 4.3% to 122p, giving the group a market capitalization of Â£1.41bn (about $2.8 billion USD.)
All of this is not going to be good news for “Vinny” — Vincent Bollore for those not in the know — as he continues to make fruitless efforts to stack the Aegis board.
It is believed Vince is planning to combine Aegis Media with Havas media agency MPG if the takeover ever materializes. The aegis board keeps giving him the smackdown — expected to be for the fifth time in a row at the next board meeting.