Paris (France), 2 June 2020 – Following its 26th May and 1st June 2020 press releases, Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) (the “Company”), announces that it has achieved the opening of a conciliation procedure in order to facilitate discussions with its existing lenders and potential third-party investors.
The President of the French commercial court of Paris (“Tribunal de commerce”) has opened a conciliation procedure for Technicolor SA for a maximum period of two months starting on June 2nd, 2020. FHB SELARL, a legal entity represented by Maître Hélène Bourbouloux and by Maître Gaël Couturier, was appointed as conciliator.
Technicolor considers that the implementation of a conciliation procedure will help in providing a suitable framework in the discussions between the Group, its existing lenders and the potential investors.
The Company will keep the market updated on the outcome of the negotiations.
About Technicolor: www.technicolor.com
Technicolor shares are on the Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).
Christophe le Mignan: +33 1 88 24 32 83