Announcement • Feb 14
Technicolor Creative Studios(ENXTPA:TCHCS) dropped from CAC AllShares Index Technicolor Creative Studios removed Announcement • Oct 05
Technicolor Creative Studios to Delist from Euronext Paris Anne Bouverot, Chairperson of Technicolor Creative Studios, said “On behalf of the Board of Directors, I welcome the strategic move of delisting the company from Euronext Paris, as it will allow Technicolor Creative Studios to focus fully on its operational priorities and execution of its strategy. To ensure the best interest of all shareholders, we are establishing a dedicated Ad Hoc Committee composed of experienced and independent Board Members, that will work closely with an Independent Expert in charge of assessing the financial terms and fairness of the offer.” Technicolor Creative Studios’ Board of Directors which met on October 2, 2023 favorably welcomed the proposed tender offer announced on October 2, 2023 and the subsequent potential delisting of the Company. The Company signed on October 2, 2023 a tender offer agreement with the main parties initiating the draft tender offer. The Board of Directors will release an informed opinion on the terms of the Offer in due course, in light of the work of an independent expert appointed to opine on the financial terms of the Offer and, as the case may be, the mandatory squeeze-out. This delisting project also seems consistent with the low trading volumes of the Company shares on Euronext Paris and will enable the Company to minimize the costs and administrative requirements related to the regulatory framework of a listed Company on Euronext Paris. The contemplated delisting would allow Technicolor Creative Studios to place its focus on the execution of its long-term strategy and to prioritize its resources to operational objectives, including strengthening current client relationships along with developing new business opportunities. The contemplated delisting would have no impact on Technicolor Creative Studios’ day-to-day operations. The company remains committed to achieve its ambition to be the first-choice digital services production partner for the world’s most creative companies. Further information regarding the contemplated delisting process will be provided in due course. Reported Earnings • Oct 05
First half 2023 earnings released First half 2023 results: EPS: €0.48. Revenue: €302.7m (down 26% from 1H 2022). Net income: €12.2m (up €16.2m from 1H 2022). Profit margin: 4.0% (up from net loss in 1H 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, while revenues in the Entertainment industry in France are expected to remain flat. 
