ISSY-LES-MOULINEAUX CEDEX, FRANCE--(Marketwire - Jan 2, 2013) -
Redemption of the remaining Notes Redeemable in Shares issued as part of
2010
debt restructuring
Paris (France) - 2 January, 2013 - In accordance with the timetable and
terms
communicated in the "Note d'Operation" approved by the Autorite des
Marches 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.
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 -- www.technicolor.com
NRS VUS: http://hugin.info/143597/R/1667888/541501.pdf
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Source: TECHNICOLOR via Thomson Reuters ONE
[HUG#1667888]