Vantiva: Technicolor officially becomes VANTIVA

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Press Release

Paris, September 27th, 2022, Technicolor (Euronext Paris: VANTI, OTCQX: TCLRY) pronounces as we speak that it has modified its company identify to VANTIVA, as permitted by Technicolor shareholders throughout a General Shareholders’ Meeting on September 6th, 2022, and the completion of the distribution of 65% of Technicolor Creative Studios (“TCS”) and itemizing of TCS as we speak on Euronext Paris, below the ticker image TCHCS.

Starting from September 27th, 2022, VANTIVA shares will proceed being traded on Euronext Paris below the brand new identify and below the brand new ticker image VANTI, and shareholders’ warrants will proceed being traded below the brand new ticker VANBS. As a part of the change in company identify, VANTIVA has launched a brand new international web site that may be discovered at www.vantiva.com.

Luis Martinez-Amago, Chief Executive Officer of VANTIVA, mentioned: “Under the VANTIVA banner, we are beginning a new exciting journey as an independent company with two market-leading divisions and a stronger financial profile to pursue our dedicated strategy and goals. Today, we have been given a unique opportunity to establish a fresh identity that reflects our company’s vision, as we continue to leverage our leadership positions and strong capabilities to expand within our markets and create value for all stakeholders. I am confident that our valued employees, customers and shareholders will embrace this change, and I look forward to working with the entire VANTIVA family as we enter our next phase of development.”

Richard Moat, Chairman of the Board of VANTIVA, added: “VANTIVA is in a strong position with an experienced management team led by Luis, and two businesses that are well-structured to create further value for all our stakeholders. On behalf of the entire VANTIVA Board of Directors, I would like to thank our teams and our shareholders for helping us reach this exciting milestone.”

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Following the distribution of 65% of Technicolor Creative Studios, VANTIVA consists of two divisions – Connected Home and Vantiva Supply Chain Services (VSCS) (previously named DVD Services) – recognised as leaders of their respective markets, and holds the remaining 35% in TCS. As said on February twenty fourth, 2022, so far as this remaining stake in Technicolor Creative Studios is anxious, its disposal will probably be thought-about following the spin-off, relying on market situations, with a view to additional and considerably deleveraging VANTIVA.

VANTIVA will reap the benefits of each divisions’ management positions, distinctive experiences, and powerful property to drive additional development and diversify the companies. Specifically, Connected Home will concentrate on probably the most enticing segments of rising broadband and video streaming markets, and VSCS will proceed to execute its ongoing diversification development technique in enticing markets, together with vinyl, non-disc provide chain and success, microfluids and freight.

New governance
VANTIVA’s Board of Directors, assembly as we speak, established its new governance. It permitted the appointment of Richard Moat as Chairman of the Board in alternative of Anne Bouverot, and Luis Martinez-Amago as Chief Executive Officer in alternative of Richard Moat. Dominique D’Hinnin has additionally been appointed as Lead Independent Director. As of as we speak, VANTIVA’s Board of Directors consists as follows:

  • Richard Moat, Chairman of the Board
  • Luis Martinez-Amago, Chief Executive Officer
  • Dominique D’Hinnin, lead impartial director
  • Laurence Lafont, impartial director
  • Melinda J. Mount, impartial director
  • Anne Bouverot
  • Bpifrance Participations represented by Thierry Sommelet
  • Loïc Desmouceaux, Director representing workers
  • Marc Vogeleisen, Director representing workers
  • Angelo, Gordon & Co., L.P. represented by Julien Farre, Board Observer
  • Gauthier Reymondier, Board Observer
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Another impartial director has been chosen by the Governance Committee and is anticipated to hitch the Board in January 2023.

Indicative Timetable

Vantiva 3Q’22 business replace December 1st, 2022

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Warning: Forward Looking Statements

This press launch comprises sure statements that represent “forward-looking statements”, together with however not restricted to statements which are predictions of or point out future occasions, traits, plans or targets, primarily based on sure assumptions or which don’t straight relate to historic or present information. Such forward-looking statements are primarily based on administration’s present expectations and beliefs and are topic to a lot of dangers and uncertainties that might trigger precise outcomes to vary materially from the long run outcomes expressed, forecasted, or implied by such forward-looking statements. For a extra full listing and outline of such dangers and uncertainties, confer with Technicolor’s filings with the French Autorité des marchés financiers. 2021 Universal Registration Document (Document d’enregistrement universel) has been filed with the French Autorité des marchés financiers (AMF) on April 5, 2022, below quantity D-22-0237 and an modification to the 2021 URD has been filed with the AMF on April 29, 2022, below quantity D-22-0237-A01.

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About VANTIVA

Pushing the Edge

VANTIVA shares are admitted to buying and selling on the regulated market of Euronext Paris (VANTI) and are tradable within the type of American Depositary Receipts (ADR) within the United States on the OTCQX market (TCLRY).

VANTIVA, headquartered in Paris, France and previously generally known as Technicolor, is a world expertise chief in designing, growing and supplying progressive merchandise and options that join shoppers all over the world to the content material and companies they love – whether or not at house, at work or in different good areas. VANTIVA has additionally earned a stable repute for optimizing provide chain efficiency by leveraging its decades-long experience in high-precision manufacturing, logistics, success and distribution. With operations all through the Americas, Asia Pacific and EMEA, VANTIVA is acknowledged as a strategic accomplice by main corporations throughout numerous vertical industries, together with community service suppliers, software program corporations and online game creators for over 25 years. Our relationships with the movie and leisure trade goes again over 100 years by offering end-to-end options for our purchasers. VANTIVA is dedicated to the best requirements of company social accountability and sustainability throughout all points of their operations. For extra data, please go to www.vantiva.com and comply with us on LinkedIn and Twitter.

  • 2022-09-27-Vantiva name-VUS
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