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Thomson sells down TCL Multimedia stake from 29.3% to 19.3%
November 25 2006Thomson sells down TCL Multimedia stake from 29.3% to 19.3%
Paris, November 3, 2006 Thomson (Euronext 18453; NYSE: TMS) has today reduced its holding in TCL Multimedia to 753,888,095 shares, representing 19.32 per cent. of its share capital, with the sale of 390,294,000 shares in a placement through UBS Investment Bank. The TCL Multimedia shares, which are quoted on the Hong Kong Stock Exchange, closed today at 0.67 HK $.
Thomson intends to continue its business relationship with TCL Multimedia and this transaction fulfills Thomson's current plans for disposal of its TCL Multimedia stake.
Following this sale Thomson's interest in TCL Multimedia will no longer be equity accounted and the residual stake will be accounted for as a financial participation.
The securities sold have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration there under.
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About Thomson World leader in digital video technologies
Thomson (Euronext Paris: 18453; NYSE: TMS) provides technology, services, and systems to help its Media & Entertainment clients - content creators, content distributors and users of its technology - realize their business goals and optimize their performance in a rapidly changing technology environment. The Group is the preferred partner to the Media & Entertainment Industries through its Technicolor, Grass Valley, RCA, and Thomson brands. For more information: http://www.thomson.net.
+--------------------+-------------------+--------------------+ | Press Relations | | | +--------------------+-------------------+--------------------+ | Martine Esquirou | +33 1 41 86 58 51|martine.esquirou@tho| | | |mson.net | +--------------------+-------------------+--------------------+ | Julie Dardelet | +33 1 41 86 65 24|julie.dardelet@thoms| | | |on.net | +--------------------+-------------------+--------------------+ | Investor Relations| | | +--------------------+-------------------+--------------------+ | Marie Boidot | +33 1 41 86 51 00|marie.boidot@thomson| | | |.net | +--------------------+-------------------+--------------------+ | Laurent Sfaxi | +33 1 41 86 58 83|laurent.sfaxi@thomso| | | |n.net | +--------------------+-------------------+--------------------+
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SOURCE: THOMSON
