Universal Registration Document 2021

FINANCIAL STATEMENTS NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS Note 14 Subsequent events

SALE OF TRADEMARK LICENSING OPERATIONS Technicolor received a binding offer to sell its Trademark Licensing operations. The total agreed consideration amounts to c. €100 million, to be paid in cash at the closing of the transaction. The sale, which is subject to closing conditions, is expected to close in the first half of 2022.

TCS and Technicolor Ex-TCS have distinct characteristics in terms of growth, margins, capital intensity,and cash flow generation. The contemplated transaction will allow each entity to pursue its own strategicpath independently, consistent with its underlying business dynamics and financial fundamentals, andthereby achieve its full value potential. Furthermore, the spin-off of TCS should help to reduce theconglomerate discount of Technicolor Ex-TCS and create a strong basis for TCS full valuation.

6

313

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021

Made with FlippingBook Online newsletter creator