TECHNICOLOR: SUCCESSFUL COMPLETION OF TECHNICOLOR'S ?227 MILLION RIGHTS OFFERING
(Thomson Reuters ONE) -
PRESS RELEASE
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or indirectly, into the United States, Canada, Australia or Japan.
successful completion of technicolor's ?227 million rights offering
Total demand of approximately ?600 million; subscription rate of 264%
Paris (France), 13 November 2015 - Technicolor (Euronext Paris: TCH, OTCQX:
TCLRY) ("Technicolor" or the "Company") announces today the success of the
capital increase with preferential subscription rights launched on
20 October 2015.
Total subscription orders for this capital increase amount to approximately
?600 million.
47,497,822 new shares were subscribed by irrevocable entitlement (à titre
irréductible), representing 98.2% of new shares to be issued. Subscription
subject to reduction (à titre réductible) amounts to 79,984,422 new shares,
representing 165.3% of the shares to be issued, and will, as a result, be
satisfied only in part, i.e. for 878,663 new shares.
Total gross proceeds of the transaction amount to ?227,369,479.50, issuance
premium included, corresponding to the issuance of 48,376,485 new shares at a
subscription price of ?4.70 per share.
The proceeds of the issuance will complement the issuance of a ?375 million
Incremental Term Loan maturing in 2020 and partly finance Technicolor's
acquisitions of Cisco Connected Devices division (for $600 million or
?534 million equivalent[1]), and The Mill (for ?253 million).
Post capital increase, the Company's share capital will amount to ?387,011,885,
divided into 387,011,885 shares with a par value of ?1.00.
The settlement and delivery as well as the admission to trading on the regulated
market of Euronext in Paris of the new shares are expected to take place on
17 November 2015.
###
About Technicolor
Technicolor, a worldwide technology leader in the media and entertainment
sector, is at the forefront of digital innovation. Our world class research and
innovation laboratories enable us to lead the market in delivering advanced
video services to content creators and distributors. We also benefit from an
extensive intellectual property portfolio focused on imaging and sound
technologies, based on a thriving licensing business. Our commitment: supporting
the delivery of exciting new experiences for consumers in theaters, homes and
on-the-go.
www.technicolor.com - Follow us: (at)Technicolor - linkedin.com/company/technicolor
Technicolor shares are on the Euronext Paris exchange (TCH) and traded in the
USA on the OTCQX marketplace (OTCQX: TCLRY).
Media Contact
Sandra Carvalho: +1 323 208 2624
sandra.carvalho(at)technicolor.com
Investor Relations
Emilie Megel: +33 1 41 86 61 48
emilie.megel(at)technicolor.com
Laurent Sfaxi: +33 1 41 86 58 83
laurent.sfaxi(at)technicolor.com
--------------------------------------------------------------------------------
[1] The conversion to euros was done using the ?/$ exchange rate of 1.1241 as at
30 September 2015.
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Source: TECHNICOLOR via GlobeNewswire
[HUG#1966657]
Unternehmensinformation / Kurzprofil:
Datum: 13.11.2015 - 07:34 Uhr
Sprache: Deutsch
News-ID 434373
Anzahl Zeichen: 4411
contact information:
Town:
Issy-les-Moulineaux Cedex
Kategorie:
Business News
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