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TMS Tms International Corp. Class A

17.49
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tms International Corp. Class A NYSE:TMS NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.49 0.00 01:00:00

THOMSON : Thomson's Restructuring Plan is approved by the Suppliers' committee and the Lenders' committee

21/12/2009 12:00pm

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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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