technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 7 - Equity & Earnings per share

Equity & Earnings per share

NOTE 7

GRI [102-10] [201-1]

CLASSIFICATION AS DEBT OR EQUITY Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement. EQUITY INSTRUMENTS An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Equity instruments issued by the Group are recorded for the proceeds received, net of direct issue costs.

EQUITY TRANSACTION COSTS Incremental and external costs directly attributable to the equity transactions are accounted for as a deduction from equity.

Change in share capital

7.1

Share capital in euros 414,461,178 414,461,178

Number of shares

Par value

(in euros, except number of shares in units) Share Capital as of December 31, 2019

414,461,178 15,350,414 15,350,414

1

Shares consolidation (27 to 1)

27

Decrease of nominal value (€27 to €0.01) Issuance of new shares under LTIP 2017 (1)

0.01 0.01 0.01

153,504

56,700

567

Share capital increase in cash, with preferential subscription right (DPS) Share capital increase with preferential subscription right (DPS) by a way of a debt equitization Reserved share capital increase without preferential subscription right (DPS) by a way of a debt equitization Exercice of shareholders Warrants (5 former shares for 4 new shares)

20,039,121

200,391

90,699,134

0.01

906,991

92,178,770

0.01 0.01 0.01 0.01

921,788

16,256

163

Exercice of New Money Warrants

17,455,088

174,551

SHARE CAPITAL AS OF DECEMBER 31, 2020

235,795,483

2,357,955

Plans described in note 9.3. (1)

CAPITAL REDUCTION During the same Shareholders’ Meeting, it has been decided to reduce the share capital by a total amount of €414,307,673.86 to reach €153,504.14. This capital reduction was carried out by reducing the nominal value of each share of the 15,350,414 shares of the Company from €27 to €0.01.

In 2020, the Group carried out several operations which have impacted the amount of the share capital and the nominal value of the Company’s shares as detailed below: SHARE CONSOLIDATION Following of March 23, 2020 Shareholders’ Meeting, it has been decided to implement the reverse share split. On May 12, 2020, the Chief Executive Officer noted that the share consolidation had been completed and that 414,461,178 old shares with a par value of €1 were exchanged for 15,350,414 new shares with a par value of €27, on the basis of 1 new share for 27 former shares.

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