TECHNICOLOR: Redemption of the remaining Notes Redeemable in Shares issued as part of 2010 debt restructuring
January 2, 2013 - Issy-les-moulineaux Cedex, France
Redemption of the remaining Notes Redeemable in Shares issued as part of2010 debt restructuring
Paris (France) - 2 January, 2013 - In accordance with the timetable andtermscommunicated in the "Note d'Operation" approved by the Autorite desMarches Financiers on 27 April, 2010 (number 10-107), Technicolor(Euronext Paris: TCH) announces the redemptions on December 31, 2012of the remaining portions of tranche II and IIC of the Notes Redeemable inShares (NRS) issued as part of its restructuring on 26 May, 2010.
Pursuant to these redemptions, the Company has redeemed theremainingoutstanding 16,380,569 NRS, which results, after settlement of thefractionalentitlements, in the issuance of 2,669,936 new shares. Approximately 10millionNRS II and 6 million NRS IIC have been redeemed, at the rate of 0.163 newsharefor each NRS (including interest), in accordance with the terms andconditionsof the NRS II and IIC. Following these redemptions the totalnumber ofoutstanding shares of Technicolor amounts to 335,543,841.
The terms of the NRS redemption have been fully disclosed in theCompany'sAnnual report and the shares issued are already included in the fullydilutednumber of shares disclosed by the Company.
About TechnicolorTechnicolor, a worldwide technology leader in the media andentertainmentsector, is at the forefront of digital innovation. Our world classresearch andinnovation laboratories enable us to lead the market in deliveringadvancedvideo services to content creators and distributors. We also benefitfrom anextensive intellectual property portfolio focused on imaging andsoundtechnologies, based on a thriving licensing business. Our commitment:supportingthe delivery of exciting new experiences for consumers in theaters,homes andon-the-go. Euronext Paris: TCH -- www.technicolor.com
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