On February 24, 2022, Technicolor announced a plan to float its subsidiary Technicolor Creative Studios (“TCS”) on the Paris stock exchange, which would be accompanied by a simultaneous distribution of 65% of the TCS shares to Technicolor’s shareholders. In this context, Finexsi was retained as independent expert.
On August 2, 2022, Finexsi issued its report as independent expert in order to give its opinion on the terms and conditions of the refinancing of Technicolor, the spin-off of the TCS business and their impact from the point of view of Technicolor’s shareholders, after taking into account the distribution of 65% of TCS shares to them. Taking into account the terms and conditions of the spin-off, Finexsi also issued an opinion on the value of TCS after the completion of the transaction.
These operations were approved by Technicolor’s shareholders at the General Meeting of September 6, 2022.