technicolor - 2019 Universal registration document

6 FINANCIAL STATEMENTS

SHAREHOLDERS’ EQUITY AND EQUITY INSTRUMENT

Shareholders’ equity and equity instrument

NOTE 8

Capital and additional paid-in capital 8.1 On December 31, 2019, the capital of Technicolor SA was €414,461,178 (414,461,178 shares with a per value €1). It did not change compared to the previous year. Treasury shares 8.2

Treasury shares are recorded at purchase cost. A depreciation charge is recorded when the purchase cost is higher than the average stock price for the last month of the financial period. Gains and losses on disposal are booked under “extraordinary profit/(expense)”.

2019

2018

Number of treasury shares at opening

1,074,994 (703,925)

978,051 96,943

Net movement of the year related to the share repurchase program (2)

Net movement of the year related to the treasury shares part of the stock options and free shares plans (3)

(371,069)

-

Number of treasury shares at closing

- -

1,074,994 1,121,643

Net Value in euros (1)

In 2019, Technicolor SA does not hold treasury shares as all of them have been sold during the second half. (1) In 2018, the gross value of treasury shares held was €56,405,049 depreciated for €55,283,406. In 2019, sale of all the treasury shares related to the share repurchase program. (2) In 2018, 1,114,523 shares were repurchased for a total amount of €2,367,109 and 1,017,580 shares were sold for a total amount of €2,308,920. In 2019, sale of all the treasury shares related to the stock options and free shares plans. (3) Treasury shares were held for the purpose of meeting the obligations under debt securities giving access to capital or stock-option schemes or any other form of allocation of shares to employees and Directors of the Company. Other equity instruments 8.3 The deeply subordinated perpetual notes (Titres Super Subordonnés – TSS) are booked as other equity instruments. Further to the restructuring of the Company’s debt in 2010, the characteristics of these perpetual notes are now as follow: they are not repayable other than (i) at Technicolor’s sole option in specific contractually defined events or (ii) in case of liquidation of the Company; • they no longer bear interest, since an amount of €25 million was paid to TSS holders as final payment of all interest claims in 2010. • Dividends and other distributions 8.4

No dividend was proposed by the Board of Directors in 2019, concerning the fiscal year 2018. No dividend was proposed by the Board of Directors in 2018, concerning the fiscal year 2017.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 278