Technicolor Creative Studios

Share capital reduction and reverse share split of Technicolor Creative Studios’ shares

PRESS RELEASE

Technicolor Creative Studios
Share capital reduction and reverse share split of Technicolor Creative Studios’ shares

• Share capital reduction through decrease of Technicolor Creative Studio’s shares’ par value from fifty euro cents (€0.50) to one euro cent (€0.01)
• Reverse share split by exchange of one hundred (100) existing shares with a par value of one euro cent (€0.01) for one (1) new share with a par value of one euro (€1).
• Publication of the reverse share split notice in the BALO: May 31, 2023
• Start of the reverse share split: June 16, 2023
• Effective date of the reverse share split (listing of the new shares): July 18, 2023
  
  

Paris (FRANCE), May 31, 2023 - Technicolor Creative Studios (Euronext Paris: ticker symbol TCHCS) (the “Company”) today announces the implementation of (i) the share capital reduction through decrease of the shares’ par value by a decision of the Board of Directors of May 31, 2023, adopted pursuant to the thirteenth extraordinary resolution of the Combined General Meeting of May 15, 2023 (the “General Meeting”) and (ii) the reverse share split of all outstanding shares of the Company, by decision of the Chief Executive Officer on May 30, 2023, following the sub-delegation by the Board of Directors on May 15, 2023, adopted pursuant to the twenty-sixth extraordinary resolution of the General Meeting.

SHARE CAPITAL REDUCTION THROUGH DECREASE OF THE COMPANY’S SHARES’ PAR VALUE

The par value of each of the Company’s shares is decreased from fifty euro cents (€0.50) to one euro cent (€0.01) and the share capital is as a result reduced from two hundred seventy-three million three hundred forty thousand nine hundred fifty-seven euros and fifty euro cents (€273,340,957.50) to five million four hundred sixty-six thousand eight hundred nineteen euros and fifteen euro cents (€5,466,819.15).

This transaction is purely technical, will have no impact on the stock price of the Company’s shares, or on the number of shares in circulation.

As a result of this transaction, the Company’s share capital remains composed of five hundred forty-six million six hundred eighty-one thousand nine hundred fifteen (546,681,915) ordinary shares.

Furthermore, the Chief Executive Officer, using the sub-delegation granted by the Board of Directors on May 15, 2023, decided on May 30, 2023 to implement the reverse share split of the Company’s shares, the terms of which are described hereafter.