Press Release
Combined General Shareholders’ Meeting
held on Tuesday September 6, 2022
Paris (France), September 6, 2022 – Technicolor (Euronext Paris: TCH, OTCQX: TCLRY hereinafter known as the “Company”) proclaims that the Combined General Shareholders’ Meeting of Technicolor SA, chaired by Ms. Anne Bouverot, Chairperson of the Board of Directors, was held as we speak at 2pm Paris time at Espace Saint-Martin, 75003 Paris.
This third Shareholders’ Meeting of the Company in 2022 is a significant step within the implementation of the contemplated operations introduced on February 24, 2022.
Once once more, there was a powerful participation of shareholders at this Meeting which gathered a quorum of 80.61%.
All fifteen resolutions submitted to the vote had been permitted, specifically the primary two geared toward approving the distinctive distribution of 65% of the capital of Technicolor Creative Studios (TCS) within the kind of a dividend in type (the “Distribution”), which was adopted by extra 99% of the votes forged.
Thus, offered that each one situations precedent referred to within the second decision of this meeting are met, specifically the issuance of the Mandatory Convertible Notes permitted on May sixth, Technicolor shareholders will quickly be capable of obtain TCS shares, on the premise of one TCS share distributed for one Technicolor share held.
The Distribution may also end result within the admission of the TCS shares to buying and selling on the regulated market of Euronext in Paris (“Euronext Paris”).
According to the envisaged timetable, the itemizing and admission of the TCS shares to buying and selling on Euronext Paris and the ex-date (detachment) of the Distribution are anticipated on twenty seventh September 2022, and the cost date of the Distribution − equivalent to the supply and account registration of the TCS shares to the Company’s shareholders − is predicted to happen on twenty ninth September 2022.
On the day of the itemizing of Technicolor Creative Studios, Technicolor SA will begin buying and selling below its new title of “Vantiva” as permitted as we speak by the General Meeting.
The Board of Directors of the Company, which met on the shut of the Shareholders’ Meeting,
is delighted that this step has been taken and sincerely thanks all shareholders for his or her helpful assist.
The detailed quorum and voting outcomes can be accessible tonight on Technicolor’s web site. The total broadcast of the Shareholders’ Meeting is offered on the identical web site www.technicolor.com/investor-center/shareholders-meeting.
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About Technicolor
www.technicolor.com
Technicolor shares are admitted to buying and selling on the regulated market of Euronext Paris (TCH) and are tradable within the kind of American Depositary Receipts (ADR) within the United States on the OTCQX market (TCLRY)
Investor Relations
Alexandra Fichelson
[email protected]
Media
Catherine Kuttner
[email protected]
Nathalie Feld
[email protected]
- 5. PR – SGM 6 September – VUS
