EUROPACORP (EPA:ECP) - EUROPACORP answers market rumors

Transparency directive : regulatory news

29/05/2019 14:57

PRESS RELEASE

                     EuropaCorp answers market rumors

Saint-Denis, May 29 2019 - Following the article published today in Les Echos,
the Company confirms to be in discussion with its creditors and the group
Pathé, as part of the restructuring of its debt and the strengthening of its
financial capacity by way of capital increase.

The group Pathé has expressed interest in a potential stake acquisition in the
capital of the Company. This expression of interest, non-binding, is subject to
the realization of several conditions precedent, in particular an agreement on
the restructuring of the existing debts of the Group. To date, as several
essential conditions are not met - in particular the consent from the senior
and junior lenders - the Company cannot assure that this proposal will come to
a successful conclusion, nor give any precision on the schedule or structuring
of the potential transaction resulting from the current discussions.

As announced on May 13 2019, the Company will inform the market, in due time,
of the outcome of the negotiations it intends to continue with the lenders and
other potential investors.

Besides, the Company specifies that the debt amounts mentioned in this same
article are from the 2017/2018 financial statements published on July 26 2018
and then do not take into account the repayments made during the 2018/2019
fiscal year.

Finally, the Company reminds the market that the discussions led within the
scope of the restructuring of its debt and the strengthening of its financial
capacity are confidential and that the disclosure of related information
exchanged between the stakeholders exposes the perpetrator in terms of
responsibilities and possibly proceedings.

ABOUT EUROPACORP
Founded in 1999, EuropaCorp has become one of Europe's leading film and
television studios.
The company's global activities span the entire film value chain with expertise
in production, theatrical distribution, video and VOD sales, international
sales, soundtrack publishing, and television sales. By directly managing the
production and distribution process, EuropaCorp is able to maintain quality and
creativity throughout the lifecycle of a film or television project. The
company has produced or coproduced over 110 films and distributed over 160
films in French cinemas. Since 1999, the company has produced 10 of France's 20
highest grossing films internationally and 22 films among the 70 French
productions with the most admissions internationally (source Le film français
- May 17 2019). Starting in 2010, the company has been active in producing
television movies and episodic television series for platforms around the
world.
EuropaCorp was founded by French director, screenwriter and producer Luc
Besson.
For more information, go to http://www.europacorp.com/

Contacts

EuropaCorp Group
Lisa Reynaud / Investor relations / investors@europacorp.com
Régis Lefèbvre / Communication / rlefebvre@europacorp.com
Tel: 01 55 99 50 00

NewCap
Pierre Laurent / NewCap
plaurent@newcap.fr / Tel: 01 44 71 94 94

            EuropaCorp is listed in Compartment C of Euronext Paris
                     ISIN code: FR0010490920 - Ticker: ECP

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