Brief: Technicolor Ex-TCS To Become VANTIVA In Q3

Vantiva SA

14/06/2022 07:11

June 14 (Reuters) - Technicolor SA  TCH.PA :
    * TECHNICOLOR EX-TCS TO BECOME VANTIVA TECHNICOLOR, PRESENTS
THE
STRATEGY AND OUTLOOK OF VANTIVA AT CAPITAL MARKETS DAY
    * VANTIVA FORWARD LOOKING ASSUMPTIONS PUBLISHED ON JUNE 6TH
ARE
CONFIRMED
    * VANTIVA WILL BE COMPOSED OF TWO BUSINESSES: CONNECTED
HOME, AND
DVD SERVICES WHICH WILL BECOME VANTIVASUPPLY CHAIN SERVICES
    * CHANGE OF CORPORATE NAME OF TECHNICOLOR SA TO VANTIVA SA
IS
SUBJECT TO APPROVAL OF TECHNICOLOR SA SHAREHOLDERS, DURING
SHAREHOLDERS' MEETING TO APPROVE SPIN OFF THAT WILL BE CONVENED
IN Q3 OF 2022
    * UNDERLYING MARKET ASSUMPTIONS FOR VANTIVA REMAIN UNCHANGED
    * VANTIVA REVENUES AMOUNTED TO EUR 2,250 MILLION IN 2021 AND
EUR
2,475 MILLION IN 2020

Source text for Eikon:  ID:nGNX9FZHXF 
Further company coverage:  TCH.PA 

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