Technicolor Creative Studios trading on Euronext
September 27, 2022
Technicolor Creative Studios has commenced operating as a standalone company, following the distribution of 65 per cent of its shares by Technicolor (under the ticker symbol TCHCS) to its shareholders and the concurrent listing on Euronext Paris.
The technical reference price for each Technicolor Creative Studios’ share (amounting to €1.9539 per share) for the opening of the trading session has been confirmed by a notice published by Euronext Paris on September 26th.
Christian Roberton, Chief Executive Officer of Technicolor Creative Studios, said: “Today is a historic day as a new and exciting chapter begins for Technicolor Creative Studios. As an independent company, we will benefit from enhanced strategic and financial flexibility to extend our leadership and capitalize on the significant opportunities of a growing market for visual content. My ambition is to build the world’s most successful visual arts company. We believe our legacy for innovation and creativity is our foundation for the future, and the success of our studios will rely on continued investment in cutting-edge technology, the world’s best talent and our ongoing relationships with major entertainment studios and brands. The next chapter will be pivotal in our growth and evolution.
Going forward, Technicolor, comprised of the Connected Home and Vantiva Supply Chain Services divisions, will remain listed on Euronext Paris under its new name of Vantiva and the ticker symbol VANTI.