THOMSON : Thomson's Restructuring Plan is approved by the Suppliers' committee and the Lenders' committee
December 21 2009 - 7:00AM
Marketwired
Thomson's Restructuring Plan is approved by the Suppliers'
committee and the Lenders' committee
Noteholders' committee to vote on 22 December
Thomson S.A. (The Company) (Euronext 18453; NYSE: TMS) announces
today that both the Suppliers' committee and the Lenders' committee
under the syndicated credit facility (Lenders' committee), which
were convened today under the aegis of the Administrateur
Judiciaire's office, voted to approve the Restructuring Plan made
public by Thomson on 9 December 2009.
The Committee of the Suppliers approved the Restructuring Plan
at 100%, and the Lenders' Committee at 100%, thus providing their
clear support to the Plan.
The committee of Thomson's noteholders (Noteholders' committee)
is scheduled to be convened tomorrow, Tuesday 22 December 2009, and
will be the final group of creditors to vote on the Restructuring
Plan.
Should the Restructuring Plan be approved tomorrow at a majority
of the two thirds, the Restructuring Plan will be submitted to the
vote of Thomson's shareholders at the Ordinary and Extraordinary
Shareholders' Meeting to be convened on 27 January 2010 (First
call: 19 January 2010).
Should the Restructuring Plan not be approved tomorrow at a
majority of the two thirds, the Company will submit an alternative
Court-imposed plan in accordance with French commercial code
provisions.
Thomson will communicate tomorrow on the outcome of the
Noteholders' committee.
The Restructuring Plan is available on the Company's website at
http://www.thomson.net in the Investor Center section.
***
Thomson is a company listed on NYSE Euronext Paris and NYSE
stock exchanges. Detailed information on the potential factors that
could affect the financial results of Thomson is contained in
Thomson's public statements and reports (information réglementée)
and Thomson's filings with U.S. Securities and Exchange
Commission
***
About Thomson:
Thomson (Euronext Paris: 18453; NYSE: TMS) is a worldwide leader
of services to content creators. http://www.thomson.net
Press contacts: 33 (0)1 41 86 53 93
thomsonpressoffice@thomson.net
Investor relations: 33 (0)1 41 86 55 95
investor.relations@thomson.net
This information is provided by HUGIN
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