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PARIS - Havas N.V. (AEX:HAVAS), the €1.65 billion market cap media group currently trading at €1.68 per share, announced plans to execute a 10:1 reverse share split of its ordinary shares effective November 18, 2025, according to a company press release. InvestingPro analysis indicates the stock is currently undervalued, with a healthy 5.52% dividend yield.
The consolidation will reduce the number of issued ordinary shares from 991,811,490 with a nominal value of €0.20 each to 99,181,149 shares with a nominal value of €2 each. The company’s total issued share capital will remain unchanged at €198,362,298.
Havas stated the reverse split aims to reduce the number of issued shares and simplify administrative management while improving market perception of its stock. The company noted the consolidation is not expected to affect the overall value of shareholders’ investments.
The process will begin October 14, with shareholders having until November 17 to buy or sell shares to round their holdings to multiples of ten. Those left with fractional shares after the split will receive cash compensation through their financial intermediaries within 30 days after November 20.
As part of the preparation for the reverse split, Havas canceled four ordinary shares on October 2, following a mandatory two-month waiting period that ended October 1.
The company’s ordinary shares will trade under a new ISIN code (NL0015002K83) starting November 18. The reverse split will also apply to special voting shares A and B, though the company noted it has not issued any such shares and does not expect to before completing the consolidation.
The reverse share split was approved by shareholders at Havas’ annual general meeting on May 28, 2025.
In other recent news, Havas N.V. has been actively repurchasing its own shares as part of a €50 million buyback program announced on May 28, 2025. Between September 29 and October 3, 2025, the company acquired 623,152 shares at an average price of €1.5458 per share. This follows earlier transactions where Havas repurchased 362,285 shares between September 22 and September 26, 2025, at an average price of €1.55 per share. Additionally, from September 15 to September 19, 2025, Havas bought back 647,333 shares at an average price of €1.54 per share. Earlier in the month, between September 8 and September 12, 2025, the company repurchased 342,548 shares at an average price of €1.51. The buyback efforts continued with the acquisition of 490,126 shares from September 1 to September 5, 2025, at an average price of €1.5164. These transactions are part of Havas’s ongoing strategy to buy back shares, with a total of 11,732,622 shares repurchased since the program’s inception.
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