(Adds Bollore comment on cash in paragraph 2)
PARIS May 29 Havas EURC.PA Chairman Vincent
Bollore said on Thursday he remained "calm" despite his latest
failed attempt at securing two seats on the board of British
rival Aegis AEGS.L.
Bollore also told the annual shareholders' meeting of Havas,
the world's sixth largest advertising group, that he favoured
using cash to fund expansion over using cash to buy back shares.
Concerning the Aegis situation, Bollore did not say what his
next move would be, such as whether he would renew his demand
for board seats.
Last week, Aegis shareholders rejected for the fifth time
in two years a request by French financier Bollore, its largest
shareholder, for board representation.
Aegis said 91 percent of the votes not controlled by Groupe
Bollore were cast against the two candidates, Philippe Germond
and Roger Hatchuel.
Bollore owns 29.1 percent of Aegis. The UK company has urged
investors to vote against his request as he is also chairman of
Havas, a rival to Aegis.
(Reporting by Cyril Altmeyer, Dominique Vidalon;; Editing by