DOCSLIB.ORG

Notice of Meeting Annual General Shareholders’ Meeting of Technicolor to Be Held on Thursday, June 17, 2010 at 5:00 P.M

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Notice of Meeting Annual General Shareholders’ Meeting of Technicolor to Be Held on Thursday, June 17, 2010 at 5:00 P.M Notice of meeting Annual General Shareholders’ Meeting of Technicolor To be held on Thursday, June 17, 2010 at 5:00 p.m. At the Palais des Congrès de Paris 2, place de la Porte-Maillot - 75017 Paris On first notice* Contents page AgendA 2 HOw tO pArticipAte in tHe meeting 3 tecHnicOlOr in 2009 5 Organization 5 Reviewofactivities 5 Consolidatedresults 7 Balancesheetrestructuring 10 Strategyandoutlook 11 Parentcompanyresults 12 Keyfinancialdata 13 explAnAtOry cOmments On tHe resOlutiOns 14 infOrmAtiOn AbOut tHe directOrs wHOse rAtificAtiOn Of tHe cO-OptAtiOn, tHe renewAl Of tHe term Of Office, Or tHe AppOintement Are submitted fOr ApprOvAl tO tHe sHAreHOlders’ meeting 16 prOpOsed resOlutiOns 19 finAnciAl results Of tHe pArent cOmpAny fOr tHe lAst five fiscAl yeArs 21 request fOr dOcuments And infOrmAtiOn 23 * In case of a lack of quorum, the Meeting will be convened on second notice by June 30, 2010. AgendA To be considered by The ordinary shareholders’ MeeTing n Board of Directors’ report and statutory auditors’ report on the annual and consolidated accounts for the fiscal year ended December 31, 2009 and special report of the statutory auditors on regulated agreements; n Report of the Chairman of the Board of Directors on the preparation and organization of the Board’s activities and on internal control procedures and risk management, and the statutory auditors’ report relating to the report of the Chairman of the Board of Directors; n Resolution n°1: Approval of the parent company unconsolidated financial statements for the fiscal year ended December 31, 2009; n Resolution n° 2: Approval of the consolidated financial statements for the fiscal year ended December 31, 2009; n Resolution n° 3: Allocation of income for the fiscal year ended December 31, 2009; n Resolution n° 4: Ratification of the co-optation of Mr Denis Ranque as Director; n Resolution n° 5: Ratification of the co-optation of Ms Catherine Guillouard as Director; n Resolution n° 6: Ratification of the co-optation of Mr John Roche as Director; n Resolution n° 7: Ratification of the co-optation of Mr Bruce Hack as Director; n Resolution n° 8: Renewal of the term of office of Mr Bruce Hack as Director; n Resolution n°9: Renewal of the term of office of Mr Didier Lombard as Director; n Resolution n°10: Appointment of Mr Lloyd Carney as Director; n Resolution n°11: Renewal of the appointment of Mazars as permanent statutory auditor; n Resolution n°12: Renewal of the appointment of Mr Patrick de Cambourg as substitute statutory auditor; n Resolution n°13: Powers to carry out all formalities. 2 I AnnuAlSharehOlders’Meeting2010 I gROuP TeChnicolor AnnuAlSharehOlders’Meeting2010 I gROuP TeChnicolor I TranSlAtiOnforinformatiOn purposes Only Howto partiCipate in the Meeting You may choose to attend the Shareholders’ Meeting in person, to vote by mail If you own registered shares: or by proxy. You have no formalities to complete; ownership of your shares is evidenced by The attached form allows you to select one of the participation options. Simply fill their entry on the register. it out, date and sign it. If you own bearer shares: Regardless of how you choose to participate, your shares must be recorded (“enregistrement comptable”) on the third trading day preceding the meeting, The financial intermediary managing your share account will provide evidence of i.e. on June 14, 2010 at 00.00 a.m Paris time. As from January 1, 2007, you are no your ownership of the shares directly to Société Générale, the bank organizing the longer required to block your shares to participate in the meeting. After your shares Shareholders’ Meeting, by attaching a certificate of participation (attestation de have been recorded, you can sell all or part of them and nevertheless participate participation) to the form you have sent to it. in the meeting. important: once you have asked for an admission card, voted by mail, or sent a proxy, you cannot opt to participate in another way. you wish To aTTend The shareholders’ you prefer To voTe by Mail or by proxy MeeTing in person If you are not able to attend the meeting in person, you may exercise your voting You should apply for an admission card by crossing box A on the attached form and right by using the attached form (tick box B). return it duly signed and dated. You have 3 options: If you own registered shares: n vote by mail; You need only send the attached form in the enclosed prepaid envelope to: n give your proxy to the chairman of the meeting (in this case, the Chairman Société Générale will vote in favor of the adoption of the proposed resolutions presented by the Service des assemblées Board of Directors); 32, rue du Champ-de-Tir n give your proxy to your spouse or another shareholder who will attend the meeting. BP 81236 44312 Nantes Cedex 03 France If you own registered shares: You need only send the attached form in the enclosed prepaid envelope to: If you own bearer shares: Société Générale You should apply for your admission card directly to the financial intermediary Service des assemblées managing your share account, who will transmit your request to Société Générale 32, rue du Champ-de-Tir who will then send you your admission card. BP 81236 44312 Nantes Cedex 03 You should return your application for an admission card as early as possible in order France to receive the card in due time. If you have not received your admission card on the third day preceeding the meeting, If you own bearer shares: you must ask your financial intermediary to send you a certificate of participation. You should send back the form duly completed to the financial intermediary managing Please feel also free to contact Société Generale dedicated operators at 0.825.315.315 your share account, which will send the form to Société Générale together with a (from France: €0.125/mn excluding VAT) from Monday to Friday, between 8:30 a.m certificate of participation. and 6:00 p.m Paris time. I AnnuAlSharehOlders’Meeting2010 I gROuP TeChnicolor AnnuAlSharehOlders’Meeting2010 I gROuP TeChnicolor I 3 TranSlAtiOnforinformatiOn purposes Only How To participate in the Meeting how to fill in your voting form? If you wish to attend the meeting in person: cross here. IMPORTANT : avant d’exercer votre choix, veuillez prendre connaissance des instructions situées au verso / Before selecting, please see instructions on reverse side. QUELLE QUE SOIT L’OPTION CHOISIE, DATER ET SIGNER AU BAS DU FORMULAIRE / WHICHEVER OPTION IS USED, DATE AND SIGN AT THE BOTTOM OF THE FORM If you do not wish to attend A. Je désire assister à cette assemblée et demande une carte d’admission : dater et signer au bas du formulaire / I wish to attend the shareholder’s meeting and request an admission card : date and sign at the bottom of the form. B. J’utilise le formulaire de vote par correspondance ou par procuration ci-dessous, selon l’une des 3 possibilités offertes / I prefer to use the postal voting form or the proxy form as specified below. the meeting: cross here. CADRE RESERVE / For Company’s use only ASSEMBLÉE GÉNÉRALE ORDINAIRE ANNUELLE Identifiant / Account Convoquée le 17 juin 2010 à 17 H au Palais des Congrès de Paris Nominatif VS / single vote 2, place de la Porte Maillot - 75017 PARIS Registered ANNUAL ORDINARY GENERAL SHAREHOLDER’S MEETING Nombre Number VD / double vote Convened on June 17, 2010 at 5 pm d’actions of shares Porteur / Bearer Société Anonyme at the Palais des Congrès de Paris au capital de 26 989 002,80 € 2, place de la Porte Maillot - 75017 PARIS Nombre de voix / Number of voting rights : porté au maximum à 79 731 593 € * Siège Social : 1 - 5, rue Jeanne d’Arc ème If you wish to vote by * Montant du capital social après augmentation de capital d’un montant maximum total de 52 742 590,20 euros au titre de la 5 résolution votée par l’Assemblée Générale des actionnaires du 27 janvier 2010 et de la décision du Conseil d’administration du 21 avril 2010. 92130 Issy-les-Moulineaux Ce montant a pu être ajusté à la date de Règlement-livraison conformément à la note d’opération visée par l’AMF le 27 avril 2010. 333 773 174 RCS Nanterre * Amount of the share capital after a share capital increase in a maximum amount of € 52,742,590.20 in accordance with the 5th resolution approved by the General Shareholders’ Meeting held on January 27, 2010 and the decision of the Board of Directors held on April 21, 2010. mail: cross here and follow This amount may have been reduced at the Settlement Date, in accordance with the Securities Note approved by the Autorité des marchés financiers on April 27, 2010. JE VOTE PAR CORRESPONDANCE / I VOTE BY POST JE DONNE POUVOIR AU PRÉSIDENT JE DONNE POUVOIR A : (soit le conjoint, soit un autre instructions. Cf. au verso renvoi (3) - See reverse (3) DE L'ASSEMBLÉE GÉNÉRALE actionnaire - cf. renvoi (2) au verso) pour me représenter à l’assemblée Je vote OUI à tous les projets de résolutions présentés ou agréés Sur les projets de résolutions non agréés par le dater et signer au bas du formulaire, sans rien remplir / I HEREBY APPOINT (you may give your PROXY either to your spouse or to par le Conseil d’Administration à l’EXCEPTION de ceux que je Conseil d’Administration, je vote en noircissant another shareholder - see reverse (2)) to represent me at the above I HEREBY GIVE MY PROXY TO THE CHAIRMAN signale en noircissant comme ceci la case correspondante et pour comme ceci la case correspondant à mon mentioned meeting.
Load more

Recommended publications
  • Technicolor 2015 Consolidated Financial Statements
    TECHNICOLOR 2015 CONSOLIDATED FINANCIAL STATEMENTS Consolidated statement of operations 2 Consolidated statement of comprehensive income 3 Consolidated statement of financial position 4 Consolidated statement of cash flows 6 Consolidated statement of changes in equity 7 Notes to the consolidated financial statements 1. General information .................................................................................................................................................. 8 2. Accounting policies ................................................................................................................................................... 9 3. Group critical accounting estimates and judgments ............................................................................................... 11 4. Scope of consolidation ........................................................................................................................................... 13 5. Information by operating segments and by geographic areas ............................................................................... 22 6. Selling and administrative expenses and other income (expense) ........................................................................ 27 7. Research and development expenses ................................................................................................................... 27 8. Net impairment losses on non-current operating assets .......................................................................................
    [Show full text]
  • 990-PF Or Section 4947(A)(1) Trust Treated As Private Foundation | Do Not Enter Social Security Numbers on This Form As It May Be Made Public
    EXTENDED TO NOVEMBER 15, 2019 Return of Private Foundation OMB No. 1545-0052 Form 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation | Do not enter social security numbers on this form as it may be made public. Department of the Treasury 2018 Internal Revenue Service | Go to www.irs.gov/Form990PF for instructions and the latest information. Open to Public Inspection For calendar year 2018 or tax year beginning , and ending Name of foundation A Employer identification number BILL & MELINDA GATES FOUNDATION TRUST 91-1663695 Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number P.O. BOX 23350 206-709-3100 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here ~ | SEATTLE, WA 98102 G Check all that apply: Initial return Initial return of a former public charity D 1. Foreign organizations, check here ~~ | Final return Amended return 2. Foreign organizations meeting the 85% test, Address change Name change check here and attach computation ~~~~ | X H Check type of organization: Section 501(c)(3) exempt private foundation E If private foundation status was terminated Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation under section 507(b)(1)(A), check here ~ | X I Fair market value of all assets at end of yearJ Accounting method: Cash Accrual F If the foundation is in a 60-month termination (from Part II, col. (c), line 16) Other (specify) under section 507(b)(1)(B), check here ~ | | $ 46,894,654,661.
    [Show full text]
  • ANNUAL REPORT 2012 ANNUAL REPORT Including Theannual Financial Report 2012 50/317:29 115/04/13 5 / 0 4 / 1 3
    2012 ANNUAL REPORT REPORT ANNUAL Corporate Headquarters: 1-5, rue Jeanne d’Arc 92130 Issy-les-Moulineaux – France E-mail: [email protected] Tel.: +33 (0)1 41 86 50 00 – Fax: +33 (0)1 41 86 58 59 Technicolor Inc. 6040 Sunset Blvd Hollywood, CA 90 028 USA Tel.: +1 (323) 817 6600 www.technicolor.com ANNUAL REPORT 2012 Technicolor S.A. with a share capital of €335,543,841 – 333 773 174 R.C.S. Nanterre including the Annual Financial Report TTEN2012EN2012_D DRFRF_E ENN_C COUVOUV_P PLANCHE.inddLANCHE.indd I 115/04/135/04/13 1 17:297:29 PRESENTATION OF THE GROUP AND TECHNICOLOR ITS ACTIVITIES ................................................................................................................................................................................................... 5 AND ITS SHAREHOLDERS ...........................................................................................................................93 1 1.1 financial data ..................................................................................................................................................................... 6 5 5.1 Share capital ............................................................................................................................................................................................................. 94 1.2 History and strategy of the Company .................................................................................................. 8 5.2 Listing information ................................................................................................................................................................................100
    [Show full text]
  • Audited Consolidated Financial Statements As of December 31, 2019
    TECHNICOLOR 2019 CONSOLIDATED FINANCIAL STATEMENTS Audited consolidated financial statements as of December 31, 2019 1 TECHNICOLOR 2019 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF OPERATIONS 3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 4 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 5 CONSOLIDATED STATEMENT OF CASH FLOWS 7 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 8 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1. GENERAL INFORMATION ............................................................................................................................... 9 1.1. MAIN EVENTS OF THE YEAR ............................................................................................................................................ 9 1.2. ACCOUNTING POLICIES .................................................................................................................................................. 9 2. SCOPE OF CONSOLIDATION ....................................................................................................................... 17 2.1. SCOPE AND CONSOLIDATION METHOD ........................................................................................................................... 17 2.2. CHANGE IN THE SCOPE OF CONSOLIDATION OF 2019 ..................................................................................................... 18 2.3. CHANGE IN THE SCOPE OF CONSOLIDATION 2018 .......................................................................................................... 18
    [Show full text]
  • 1 Press Release Update on the On-Going
    PRESS RELEASE UPDATE ON THE ON-GOING NEGOTIATION PROCESS Paris (France), 11 June 2020 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) (the “Company”) announces today that, in the framework of the conciliation proceedings opened on June 2nd, negotiations with its lenders are progressing and that, in order to facilitate the implementation of a restructuring transaction, the Company wishes to have the ability to request, as the case may be, (i) the opening in France of a “procédure de sauvegarde financière accélérée” (which is a form of pre-negotiated safeguard procedure with financial creditors only) (“SFA”) on Technicolor SA and (ii) the recognition of the SFA in the US, in accordance with applicable regulations (the “Recognition Procedure”). The Recognition Procedure is solely a procedure allowing the recognition of the effects of foreign proceedings in the US (here the French SFA), in a rather light process. While the implementation of a restructuring transaction in conciliation requires the consent of 100% of the impacted lenders under the Credit Facilities, the SFA would allow for the implementation of such transaction with only a 2/3 majority of such impacted lenders. As announced in the June 4th press release, the Company has received an indicative global proposal from financial institutions representing approximately 59% of the Term Loan B lenders and Revolving Credit Facility lenders. Such proposal addresses both the Group’s liquidity requirements and the need to deleverage the Company’s balance sheet. It should be further noted that the SFA and the Recognition Procedure would have no impact on the other creditors of the Group, including in particular its suppliers, or on the Company’s normal operations.
    [Show full text]
  • Annual Report 2013.Pdf
    PRESENTATION OF THE GROUP AND ITS SOCIAL INFORMATION AND 1 ACTIVITIES ................................................................................................................................................................................................................................ 5 6 SUSTAINABILITY ....................................................................................................................................................................................... 111 1.1 Selected financial information ........................................................................................................................ 6 6.1 Employees and workforce ...................................................................................................................................... 112 1.2 History and strategy of the Company .................................................................................... 8 6.2 Environmental matters .................................................................................................................................................. 126 1.3 Business overview ................................................................................................................................................................................. 15 6.3 Stakeholder relations and local impacts of the Company’s activities ...........................................................................................................................................................
    [Show full text]
  • In the United States District Court for the Eastern District of Texas Marshall Division
    Case 2:16-cv-00322-JRG-RSP Document 55 Filed 04/25/16 Page 1 of 118 PageID #: 773 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS MARSHALL DIVISION ROVI GUIDES, INC., Case No. 2:16-cv-00322 Plaintiff, DEMAND FOR JURY TRIAL v. FIRST AMENDED COMPLAINT FOR PATENT INFRINGEMENT COMCAST CORPORATION; COMCAST CABLE COMMUNICATIONS, LLC; COMCAST CABLE COMMUNICATIONS MANAGEMENT, LLC; COMCAST OF HOUSTON, LLC; COMCAST BUSINESS COMMUNICATIONS, LLC; COMCAST HOLDINGS CORPORATION; COMCAST SHARED SERVICES, LLC; ARRIS INTERNATIONAL PLC; ARRIS GROUP INC.; ARRIS TECHNOLOGY, INC.; ARRIS ENTERPRISES LLC.; ARRIS SOLUTIONS, INC.; PACE LTD.; PACE AMERICAS HOLDINGS, INC.; PACE AMERICAS INVESTMENTS, LLC; PACE AMERICAS, LLC; TECHNICOLOR SA; TECHNICOLOR USA, INC.; and TECHNICOLOR CONNECTED HOME USA LLC, Defendants. Plaintiff Rovi Guides, Inc. (“Rovi Guides”) (“Rovi Guides,” “Rovi,” or “Plaintiff”) hereby brings this First Amended Complaint for patent infringement (“Complaint”) against Comcast Corporation; Comcast Cable Communications, LLC; Comcast Cable Communications Management, LLC; Comcast of Houston, LLC; Comcast Business Communications, LLC; Comcast Holdings Corporation; Comcast Shared Services, LLC (all Comcast entities, collectively, “Comcast” or “Comcast Defendants”); Arris International plc; Arris Group Inc.; Case 2:16-cv-00322-JRG-RSP Document 55 Filed 04/25/16 Page 2 of 118 PageID #: 774 Arris Technology, Inc.; Arris Enterprises LLC; Arris Solutions, Inc.; Pace Ltd.; Pace Americas Holdings, Inc.; Pace Americas Investments, LLC; Pace Americas, LLC (all Arris and Pace entities, collectively, “Arris” or “Arris Defendants”); Technicolor SA; Technicolor USA, Inc.; Technicolor Connected Home USA LLC (all Technicolor entities, collectively, “Technicolor” or “Technicolor Defendants”); (Arris and Technicolor, collectively, “Manufacturer Defendants”) (all defendant entities, collectively, “Defendants”) for infringement of U.S.
    [Show full text]
  • Technicolor Notice of Meeting June 30, 2020 Message from the Chairperson and the Chief Executive Officer 1
    NOTICE OF MEETING COMBINED GENERAL SHAREHOLDERS’ MEETING OF TECHNICOLOR June 30, 2020 at 10 am TECHNICOLOR 8-10, rue du Renard 75004 Paris NOTICE OF MEETING COMBINED GENERAL SHAREHOLDERS’ MEETING June 30, 2020, at 10 am TECHNICOLOR 8-10, rue du Renard 75004 Paris C o n t e n t s 1. MESSAGE FROM THE CHAIRPERSON AND THE CHIEF EXECUTIVE OFFICER 3 2. OVERVIEW OF TECHNICOLOR IN 2019 4 3. TECHNICOLOR IN 2019 6 4. TECHNICOLOR’S GOVERNANCE 14 5. AGENDA 28 6. EXPLANATORY COMMENTS AND TEXT OF THE RESOLUTIONS 30 7. SUMMARY OF THE FINANCIAL AUTHORIZATIONS AND DELEGATIONS IN PLACE 58 8. PARTICIPATE IN THE GENERAL MEETING 60 9. DOCUMENTATION REQUEST 63 This document is a free translation into English of the French "Brochure de convocation". In the event of conflict in interpretation, reference should be made to the French version. TECHNICOLOR NOTICE OF MEETING JUNE 30, 2020 MESSAGE FROM THE CHAIRPERSON AND THE CHIEF EXECUTIVE OFFICER 1 Dear Shareholders, We are pleased to invite you to support the decisions proposed at the Shareholders’ Meeting which will be held on Tuesday June 30, 2020, at 10 am. We were hoping to hold a physical meeting but considering OUR GOAL IS TO BRING BOTH the sanitary crisis, this meeting will be held behind closed doors. STABILITY AND GROWTH TO 2019 was a year of transition affected by numerous headwinds. TECHNICOLOR AND TO UNLOCK Technicolor nevertheless achieved revenues of €3.8 billion, ITS FULL POTENTIAL. adjusted EBITDA of €324 million and adjusted EBITA of €42 million. Since the beginning of the year and in common with many businesses, Technicolor is facing an unprecedented We have the opportunity to take advantage of the strong increase crisis due to Covid-19, but the impact during the first quarter was in digital media consumption, the significant growth in residential limited, with resilience in both our Connected Home and Advertising broadband access and increased demand for original content.
    [Show full text]
  • The Battle for 5G Sovereignty - a Qualitative Patent Portfolio Analysis Executive Summary
    5G-Study – qualitative patent portfolio analysis (ARIAD IP-Rating) April 2020 The battle for 5G sovereignty - a qualitative patent portfolio analysis Executive Summary In the discussion about European sovereignty in the area of system-critical 5G infrastructure, the thesis of China's 5G technology leadership and of European companies being left behind is often spread. The present analyses were able to show that despite the high number of 5G patent applications filed by Chinese companies (here: Huawei and ZTE), the quality of these, evaluated using the proven ARIAD Patent Rating Methodology, lags significantly behind the other top global applicants. Furthermore, the possibility of a European "IT- AIRBUS" with Nokia and Ericsson, as well as in an additional analysis with InterDigital, was considered as the merging companies. Based on the 5G patent portfolios, it was possible to show that such a group could compete qualitatively, as well as quantitatively, with the international 5G technology leaders (Qualcomm and LG). According to the patent data-based analyses, Europe thus has the potential to build the future-oriented 5G infrastructure on its own while maintaining sovereignty and security. Introduction The fifth generation of mobile communications technologies (5G) represents an enormous step in the development towards a completely connected world: the technology enables wireless data transmission at speeds previously unavailable to the public. They form the basis for future concepts, which are often described as "smart": Smart City, Smart Mobility, Smart Home, Smart Factory, Smart Everything. 5G technology offers the possibility of taking digital communication between humans, humans and machines, but also between machines, into a new age, and represents the backbone for autonomously operating vehicles, robots and household appliances, i.e.
    [Show full text]
  • ANNUAL REPORT 2011 Including the Annual Financial Report ANNUAL REPORT 2011
    ANNUAL REPORT 2011 including the Annual Financial Report ANNUAL REPORT 2011 .............................................................. 1 TECHNICOLOR AND ITS SHAREHOLDERS .................... 87 5 5.1 Share capital .........................................................................................................88 PRESENTATION OF THE GROUP 5.2 Listing information .............................................................................................95 1 AND ITS ACTIVITIES .................................................................. 5 1.1 Selected Financial Data ......................................................................................... 6 SOCIAL INFORMATION AND SUSTAINABILITY ............ 97 1.2 History and Strategy of the Company ............................................................ 9 6.1 Employees and workforce ...............................................................................98 1.3 Business Overview ..................................................................................................13 6 6.2 Environmental matters ...................................................................................107 6.3 Technicolor Foundation for Cinema Heritage ......................................117 OPERATING AND FINANCIAL REVIEW AND PROSPECTS ..................................................................... 21 2 ADDITIONAL INFORMATION ........................................... 119 2.1 Overview ...................................................................................................................22
    [Show full text]
  • Financial Statements
    TECHNICOLOR 2016 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF OPERATIONS 2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 4 CONSOLIDATED STATEMENT OF CASH FLOWS 6 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 7 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1. GENERAL INFORMATION ...................................................................................................................................... 8 1.1. MAIN EVENTS OF THE YEAR ................................................................................................................................................... 8 1.2. ACCOUNTING POLICIES ......................................................................................................................................................... 8 2. SCOPE OF CONSOLIDATION .............................................................................................................................. 12 2.1. SCOPE AND CONSOLIDATION METHOD .................................................................................................................................. 12 2.2. CHANGE IN THE SCOPE OF CONSOLIDATION OF 2016 ............................................................................................................ 14 2.3. CHANGE IN THE SCOPE OF CONSOLIDATION OF 2015 ............................................................................................................ 15 2.4. INVESTMENTS IN ASSOCIATES & JOINT-VENTURES ...............................................................................................................
    [Show full text]
  • Press Release
    PRESS RELEASE RECEPTION OF INDICATIVE NEW FINANCING OFFERS NEGOTIATIONS WITH INVESTORS AND CREDITORS TO IMPLEMENT SUCH NEW FINANCING SOLICITATION OF THE RELEVANT CREDITORS TO PETITION FOR THE APPOINTMENT OF A CONCILIATOR Richard Moat, Chief Executive Officer of Technicolor, stated: “On February 13th, we announced our 2020-2022 strategic plan and a c. €300m rights issue. Since then the world and our industries have faced an unprecedented crisis due to the Covid-19 pandemic. We have been working tirelessly to guarantee safety for our employees, whilst ensuring the smooth continuity of our activities. Nevertheless, the current situation has limited our capacity to launch the envisaged rights issue, and so we have recently entered into discussions with some of our creditors and with third party investors to obtain a new €400 million financing more adapted to the Group’s current situation. To facilitate the implementation of this financing, we are now soliciting consents from our creditors to have the option to open a Conciliation proceeding. This additional financing, together with a restructuring of our balance sheet, should reinforce the Group and its ability to serve its clients and trade with its suppliers in the long term. Whilst this is in progress, the business will continue as usual, with no impact on our operations and the quality of service we deliver to our clients, and we intend to maintain our workforce of talented people to enable the delivery of all our services and products.” Paris (France), 26 May 2020 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) (the “Company”) announces today that the prolonged uncertainty in global market conditions, as well as the impact of the Covid 19 crisis on its business in the short term, have limited the ability of the Company to launch the previously announced €300 million Rights Issue.
    [Show full text]