2013-01-02 18:04:49 -
PRESS RELEASE
Redemption of the remaining Notes Redeemable in Shares issued as part of 2010
debt restructuring
Paris (France) - 2 January, 2013 - In accordance with the timetable and terms
communicated in the "Note d'Opération" approved by the Autorité des
Marchés
Financiers on 27 April, 2010 (number 10-107), Technicolor (Euronext Paris: TCH)
announces the redemptions on December 31, 2012 of the remaining portions of
tranche II and IIC of the Notes Redeemable in Shares (NRS) issued as part of its
restructuring on 26 May, 2010.
Pursuant to these redemptions, the Company has redeemed the remaining
outstanding 16,380,569 NRS, which results, after settlement of the fractional
entitlements, in the issuance of 2,669,936 new shares. Approximately 10 million
NRS II and 6 million NRS IIC have been redeemed, at the rate of 0.163 new share
for each NRS (including interest), in accordance with the terms and conditions
of the NRS II and IIC. Following these redemptions the total number of
outstanding shares of Technicolor amounts to 335,543,841.
The terms of the NRS redemption have been fully disclosed in the Company's
Annual report and the shares issued are already included in the fully diluted
number of shares disclosed by the Company.
***
About Technicolor
Technicolor, a worldwide technology leader in the media and entertainment
sector, is at the forefront of digital innovation. Our world class research and
innovation laboratories enable us to lead the market in delivering advanced
video services to content creators and distributors. We also benefit from an
extensive intellectual property portfolio focused on imaging and sound
technologies, based on a thriving licensing business. Our commitment: supporting
the delivery of exciting new experiences for consumers in theaters, homes and
on-the-go. Euronext Paris: TCH www.technicolor.com
Press contacts: +33 1 41 86 53 93
technicolorpressoffice@technicolor.com
Investor relations: +33 1 41 86 55 95
investor.relations@technicolor.com
NRS VUS:
hugin.info/143597/R/1667888/541501.pdf
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Source: TECHNICOLOR via Thomson Reuters ONE
[HUG#1667888]
