Redemption of the remaining Notes Redeemable in Shares issued as part of 2010 debt restructuring

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January 02, 2013
Technicolor 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.

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.

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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 Ÿ www.technicolor.com

 

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