(Boursier.com) — Technicolor announces that the Combined General Meeting of Shareholders met today at 2 p.m. at Espace Saint-Martin (75003 Paris), under the chairmanship of Ms. Anne Bouverot, Chairman of the Board of Directors.
This third General Assembly is a major step in the realization of the projects publicly announced on February 24th.
Once again, the shareholders were strongly mobilized for this new Meeting which brought together a quorum of 80.61%.
The fifteen proposed resolutions were all approved, in particular the first two relating to the approval of the exceptional distribution of 65% of the capital of Technicolor Creative Studios (TCS) in the form of a dividend in kind which was very favorably received by more than 99% of the voice.
Thus, subject to all of the conditions precedent referred to in the second resolution of said Meeting being lifted, in particular the issue of Bonds Convertible into Shares decided on May 6, Technicolor shareholders will soon be able to receive TCS shares, in accordance with ratio of one Technicolor Creative Studios share to one Technicolor share.
The Distribution will also result in the admission of the TCS shares to the regulated market of Euronext in Paris.
According to the schedule envisaged, the listing and admission of the TCS shares to trading on Euronext Paris and the ex-date of the Distribution will take place on September 27, 2022, and the payment of the Distribution, corresponding to the delivery and registration of the TCS shares to the shareholders of the Company, must take place on September 29, 2022.
On the day Technicolor Creative Studios is listed on the stock exchange, Technicolor SA will carry out its activities under the new corporate name of “Vantiva” as approved today by the General Meeting.
The company’s Board of Directors, which met at the close of this Meeting, was delighted with the achievement of this milestone and sincerely thanks all the shareholders for their precious support…
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