FORM 20-F THOMSON multimedia - Technicolor

The shareholders, at an extraordinary general meeting, may decide not to take these shares
into account in determining the preferential subscription rights attached to the other shares.
However, if the shareholders decide to take them into account, we must either sell the rights
attached to the shares we hold on the market before the end of the subscription period or distribute
them to the other shareholders on a pro rata basis.
On November 10, 2000, the shareholders authorized our Board of Directors to repurchase up to
10% of our share capital. The purchase price may not exceed 0 100 per share and the sale price
must be at least 0 40 per share, except in certain limited circumstances. This authorization will
remain valid for eighteen months beginning November 10, 2000. A resolution will be submitted to the
next ordinary general meeting of shareholders to renew the authorization, provided that the purchase
price and the sale price may change.
Trading in our own shares
Under Regulation No. 90-04 of the COB, as amended, we may not trade in our own shares for
the purpose of manipulating the market. There are three general requirements for trades by a
company in its own shares to be deemed valid:
) These trades must be executed on our behalf by only one intermediary in each trading
session, except during the issue period of any securities if the trades are made to ensure the
success of the issuance,
) Any block trades may not be made at a price above the current market price, and
) Each trade must be made at a price that falls between the lowest and the highest trading
price of the trading session during which it is executed.
If a company’s shares, like our shares, are continuously quoted (cotation en continu), then a
trade must meet three further requirements to be deemed valid:
) The trade must not influence the determination of the quoted price before the opening of
trading, at the first trade of the shares, at the reopening of trading following a suspension or
reservation of securities, or, as applicable, in the last half-hour of any trading session or at the
fixing of the closing price,
) The trade must not be carried out in order to influence the price of a derivative instrument
relating to the company’s shares, and
) The trade must not account for more than 25% of the average total daily trading volume on
Euronext Paris in the shares during a certain reference period immediately preceding the
trade. In the case of shares eligible for the deferred settlement service, like our shares, this
reference period is three days. This 25% limit does not apply to off-market block trades or to
acquisitions made by an investment service provider on our behalf pursuant to a liquidity
agreement meeting certain criteria.
However, there are two periods during which we are not permitted to trade in our own securities
other than through an investment service provider acting on our behalf pursuant to a liquidity
agreement meeting certain criteria: the 15-day period before the date on which we make our
consolidated or annual accounts public, and the period beginning on the date at which we become
aware of information that, if disclosed, would have a significant impact on the market price of our
securities and ending on the date this information is made public.
After making an initial purchase of our own shares, we must file monthly reports with the COB
and the CMF that contain specified information about subsequent transactions. The CMF makes this
information publicly available.
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