Technicolor Creative Studios begins trading today on Euronext Paris under the ticker symbol TCHCS
27 September 2022 - 3:50PM
CORPORATE PRESS RELEASE
Technicolor Creative Studios
begins trading today on Euronext Paris under the ticker
symbol TCHCS
PARIS, SEPTEMBER 27, 2022 – Technicolor Creative
Studios (Euronext Paris: TCHCS) will today begin operating as a
standalone company, following the distribution of 65% of its shares
by Technicolor to its shareholders and the concurrent listing on
Euronext Paris (under the ticker symbol “TCHCS”). The technical
reference price for each Technicolor Creative Studios’ share
(amounting to €1.9539 per share) for the opening of the trading
session has been confirmed by a notice published by Euronext Paris
on September 26, 2022.
Christian Roberton, Chief Executive Officer of
Technicolor Creative Studios, said: “Today is a historic day as a
new and exciting chapter begins for Technicolor Creative Studios.
As an independent company, we will benefit from enhanced strategic
and financial flexibility to extend our leadership and capitalize
on the significant opportunities of a growing market for visual
content. My ambition is to build the world’s most successful visual
arts company. We believe our legacy for innovation and
creativity is our foundation for the future, and the success
of our studios will rely on continued investment in cutting-edge
technology, the world’s best talent and our ongoing relationships
with major entertainment studios and brands. The next chapter
will be pivotal in our growth and evolution.
Technicolor Creative Studios has a rich 100+
years history, from providing pioneering color processes to
becoming a leading independent provider of creative visual arts
services.
Today, with more than 11,700 employees across 11
countries, Technicolor Creative Studios is well-positioned to
deliver profitable growth and value creation.
The Group has award-winning teams of
technologists and artists in key visual content domains across its
four leading specialized brands: MPC (VFX services
across feature film and episodic), The Mill
(advertising and brand experience content), Mikros
Animation and Technicolor Games.
To meet the fast-growing demand across all of
its markets and further extend its leadership position, Technicolor
Creative Studios activities will develop around key strategic
pillars:
- Expand capacity to meet strong
demand and serve new markets;
- Develop the Technicolor Creative
Studios brand to be seen as an Employer of Choice by talent;
- Continue to invest in R&D and
Technology; and
- Leverage existing capabilities to
capture opportunities relating to The Metaverse.
Going forward, Technicolor, comprised of the
Connected Home and Vantiva Supply Chain Services divisions, will
remain listed on Euronext Paris under its new name of Vantiva and
the ticker symbol VANTI.
Advisorsd’Angelin & Co.,
Crédit Suisse, Goldman Sachs, Morgan Stanley, and Rothschild &
Co. are acting as financial advisors to Technicolor and Technicolor
Creative Studios. Allen & Overy is acting as legal advisor to
the banks acting as financial advisors to Technicolor Creative
Studios. Bredin Prat and Kirkland & Ellis are acting as legal
advisors to Technicolor. Gide Loyrette Nouel is acting as legal
advisor to Technicolor Board of Directors.
***
Legal Disclaimer
This press release has been prepared in the
context of the spin-off of Technicolor Creative Studios (“TCS” or
the “Company”) as a result of which Technicolor SA (“TSA”) ex-TCS
is to become Vantiva. This press release is an advertisement and
does not constitute a prospectus under Regulation (EU) 2017/1129 of
the European parliament and of the council of 14 June 2017 (the
“Prospectus Regulation”). The prospectus prepared
by TCS in connection with the admission of TCS shares to trading on
the regulated market of Euronext in Paris as part of the
distribution of 65% of TCS shares by TSA to its shareholders,
approved by the AMF on August 1, 2022 under number 22-331, is
available free of charge and upon request at the company’s
registered office, 8-10 rue du Renard, 75004 Paris, France, or on
the websites of the AMF (https://www.amf-france.org), Technicolor
(https://www.technicolor.com/fr/relations-investisseurs) and
Technicolor Creative Studios
(https://www.technicolorcreative.com/investors/). The approval of
the prospectus by the AMF should not be understood as an
endorsement of the TCS shares covered by the prospectus. Potential
investors in TCS are invited to consult the prospectus before
making an investment decision in order to fully understand the
potential risks and rewards associated with the decision to invest
in TCS shares. In particular, investors’ attention is drawn to the
risk factors relating to TCS described in Chapter 3 of the
prospectus. The distribution of this press release and the
distribution of the shares of the Company may be restricted by law
in certain jurisdictions and persons into whose possession this
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. This
press release is not an offer of securities or investments for sale
nor a solicitation of an offer to buy securities or investments in
any jurisdiction where such offer or solicitation would be
unlawful. No action has been taken that would permit an offering of
the securities or possession or distribution of this press release
in any jurisdiction where action for that purpose is required.
Persons into whose possession this press release comes are required
to inform themselves about and to observe any such restrictions.The
information contained in this announcement is for background
purposes only and does not purport to be full or complete and no
reliance may be placed by any person for any purpose on the
information contained in this announcement or its accuracy,
fairness or completeness. Any purchase or subscription of shares of
the Company should be made solely on the basis of the information
contained in the prospectus relating to the admission of TCS shares
on the regulated market Euronext Paris published on the website of
TSA and TCS.FranceIn France, a public offering of securities may
only be conducted on the basis of a prospectus approved by the
AMF.European Economic Area and United KingdomWith respect to member
states of the European Economic Area (“EEA”) other
than France (each, a “Member State”) and the
United Kingdom (together, the “Concerned States”),
no action has been undertaken or will be undertaken to make an
offer to the public of the shares of the Company requiring a
publication of a prospectus in any Concerned State. As a result,
this press release may only be distributed in Member States: a) to
legal entities which are qualified investors, as defined in the
Prospectus Regulation, for any investor in a Member State, or
Regulation (EU) 2017/1129 as part of national law under the
European Union (Withdrawal) Act 2018 (the “UK Prospectus
Regulation”), for any investor in the United Kingdom; b)to
fewer than 150 natural or legal persons (other than qualified
investors as defined by the Prospectus Regulation or the UK
Prospectus Regulation, as the case may be); or c) in circumstances
falling within Article 1(4) of the Prospectus Regulation or in the
other case which does not require the publication of a prospectus
pursuant to the Prospectus Regulation, the UK Prospectus Regulation
and/or applicable regulation in these Concerned States.United
KingdomThis press release does not constitute an offer of the
Securities to the public in the United Kingdom. The distribution of
this press release is not made, and has not been approved, by an
“authorised person” within the meaning of section 21(1) of the
Financial Services and Markets Act 2000. As a consequence, this
press release is directed only at persons who (i) are located
outside the United Kingdom, (ii) are investment professionals
falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotions) Order 2005, or (iii) are high net
worth entities and other persons to whom it may be lawfully
communicated falling within Article 49(2)(a) to (d) of the
Financial Services and Markets Act 2000 (Financial Promotions)
Order 2005 (all such persons mentioned in paragraphs (i), (ii) and
(iii) collectively being referred to as “Relevant
Persons”). The Securities will only be available to
Relevant Persons and any invitation, offer or agreement to
subscribe, purchase or acquire such Securities may be addressed or
engaged in only with Relevant Persons. All persons other than
Relevant Persons must abstain from using or relying on this
document and all information contained therein. This press release
is not a prospectus which has been approved by the Financial
Conduct Authority or any other United Kingdom regulatory authority
for the purposes of Section 85 of the Financial Services and
Markets Act 2000.United States of AmericaThis press release does
not constitute or form a part of any offer of Securities or
solicitation to purchase or subscribe for Securities in the United
States. The Securities may not be offered, subscribed or sold in
the United States absent registration under the U.S. Securities Act
of 1933, as amended (the “U.S. Securities Act”),
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements thereof. The shares of
the Company have not been and will not be registered under the U.S.
Securities Act and the Company does not intend to make a public
offer of its securities in the United States.Canada, Australia and
JapanThe Securities may not be offered or sold in Canada, Australia
and Japan.
***ABOUT TECHNICOLOR
CREATIVE STUDIOS
Technicolor Creative Studios shares are admitted
to trading on the regulated market of Euronext Paris
(TCHCS)
Technicolor Creative Studios is a creative technology company
providing world-class production expertise driven by one purpose:
The realization of ambitious and extraordinary ideas. Home to a
network of award-winning studios, MPC, The Mill, Mikros Animation
and Technicolor Games, we inspire creative companies across the
world to produce their most iconic work. Our global
teams of artists and technologists partner with the creative
community across film, television, animation, gaming, brand
experience and advertising to bring the universal art of
storytelling to audiences everywhere.
www.technicolorcreative.com
***
Investor Relations
Contact:Alexandra
FichelsonAlexandra.fichelson@technicolor.com
Corporate press:Catherine
Kuttnercatherine.kuttner@technicolor.comNathalie
Feldnfeld@image7.fr
- Sept.27-2022-TCS_Listing_FINAL_US
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