Find Companies:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Digital Cinema Technology Sep. 27, 2016
Please Login
Login/Signup
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1938 Baird

Skip Navigation LinksStart / Menu > Find Press Releases > Full Press Release
Paris, France—Oct 20, 2014

Ymagis Announces the Final Acquisition of Dcinex

Creation of the European leader in digital technologies for the cinema industry
Ymagis’ combined ordinary and extraordinary shareholders’ meeting approves all resolutions authorising the completion of the acquisition of dcinex's entire share capital 

Ymagis' combined ordinary and extraordinary shareholders' meeting held in Paris on Monday 20 October 2014, with a quorum of 79.05%, voted overwhelmingly in favour of all resolutions submitted by the Board of Directors, giving final approval to Ymagis' acquisition of dcinex

Commenting on the meeting, Jean Mizrahi, Chairman and co-founder of Ymagis, said: “I would like to thank all of the shareholders who participated in the shareholders' meeting for the trust they have shown in us by allowing us to complete this tie-up with dcinex and so become the leading European player in the industry. The key positions we currently hold across Europe make us a leader in each of our businesses.”

“We believe that the tie-up between dcinex and Ymagis will create synergies in the near term that will add real value for all Ymagis shareholders," added Bart Diels, outgoing Chairman of dcinex's Board of Directors and Partner at GIMV(1)
.
CREATION OF THE EUROPEAN LEADER IN DIGITAL TECHNOLOGIES FOR THE CINEMA INDUSTRY
With the acquisition of dcinex, Ymagis has completed a deal that will create a European leader in the supply of financial and technological services for the cinema industry.

Following the acquisition Ymagis will become:
- the financer of the largest network of cinemas in Europe operated under VPF contracts with almost 5,800 screens in 14 European countries;
- the European leader in the sale and installation of cinema equipment to cinema exhibitors, with an estimated European market share of 20%;
- the operator of the largest European network for the digital delivery of content, with more than 3,200 connected cinemas in 15 countries in Europe;
- the technical partner of the largest network of cinemas in Europe benefiting from NOC (Network Operating Center) services and maintenance contracts, with almost 7,200 screens (out of around 36,000) under contract in 21 countries.

INTEGRATION ALREADY UNDERWAY
The Ymagis and dcinex teams are already actively working to integrate the two groups and to build synergies and economies of scale. These efforts will start to have an impact from 2015.  Significant progress has already been made commercially.  With strong positions in European across all businesses, Ymagis is currently in advanced discussions with several distributors to explore pan-European partnerships for digital delivery of all cinema content to cinema exhibitors.

Ymagis has also recently announced the marketing launch of the new version of its TMS suite (Theatre Management System), available on a licensed or SaaS subscription basis. TMS helps exhibitors to optimise film scheduling and facilities management, for one or more cinemas and is currently in use under NOC services contracts in a large portion of the Ymagis cinema network operated under VPF contracts. The combined entity’s teams are already marketing the solution to dcinex’s exhibitor customers. 

ALL RESOLUTIONS PASSED BY MAJORITY VOTE
Ymagis’ shareholders voted overwhelmingly in favour of all resolutions at the combined ordinary and 
extraordinary shareholders’ meeting of 20 October 2014.

The ordinary resolutions approved at the meeting included:
· The appointment of Sparaxis SA (SRIW Group(1)), represented by Mr. Eric Bauche, as member of the Ymagis Board of Directors;
· The appointment of EVS Broadcast Equipment SA(1), represented by Mr Pierre Rion, as a non-voting member of the Ymagis Board of Directors.

And the following extraordinary resolutions:
· The valuation of 39,871 dcinex shares and 17,086 dcinex warrants tendered by dcinex shareholders to Ymagis; 
· The issue, as part of the payment for the dcinex shares and warrants, of 699,379 new Ymagis shares representing a capital increase with a nominal value of €174,844.75 and €5.7m including the issue premium.

· The issue, as part of the payment for the dcinex shares and warrants, of 94,477 equity warrants (obligations à bons de souscription d’actions – OBSA) representing a bond with a principal amount of €15.4m.  In addition to these securities, the balance of the payment to dcinex shareholders for the acquisition of 100% of capital and voting rights will be made through a cash payment of €5m, for a total of €26.1m.  Pursuant to Article L 233-8-1 of the French Commercial Code (Code de commerce), Ymagis informs its shareholders that the total number of real voting rights(2) at the annual shareholders’ meeting of 20 October 2014 was 10,993,205.

The resolutions submitted to the shareholders' meeting are available, in French, under “Information Réglementée” in the Investors section of the Ymagis website www.ymagis.fr

(1) Gimv, EVS Broadcast Equipment SA and SRIW are three major shareholders of dcinex.
(2) Real total = total number of voting rights attached to the total number of shares – shares without voting rights 
(treasury shares)
Ymagis Contacts:
Pierre Flamant, CFO: 

Julien Bollee: 
Ymagis Web Site:
Logo: Ymagis & CinemaNext About Ymagis & CinemaNext: CinemaNext is the Ymagis Group’s business unit dedicated to exhibitor services. Founded in 2007 and managed by professionals from the motion picture and high-tech industries, Ymagis Group is a European leader in advanced digital technology services for the cinema industry.Through CinemaNext and Eclair, the Group provides smart and comprehensive solutions to movie exhibitors, distributors (feature films & event cinema), producers, right-holders, cinema/TV advertising networks, rights holders, broadcasters, VOD/S-VOD platform operators and video publishers. Over the years, Ymagis Group has significantly grown its portfolio of solutions & services and further developed its geographic footprint in Europe with permanent offices in 20 countries. The company’s core business is structured around three main units: CinemaNext (exhibitor services: sales and field services, software solutions, customer service/NOC and consulting), Eclair (content services: post-production, theatrical delivery, digital distribution, versioning and accessibility, restoration and preservation) and Ymagis (VPF & financial services). As of 31 December 2015, more than 7,000 cinema screens have been installed internationally by CinemaNext engineers and currently avail of service contracts. Eclair is the only provider with a pan-European content delivery service (via broadband or satellite) thanks to its network of 3,300 connected cinema sites. A publicly-traded company listed on Euronext, Ymagis Group is headquartered in Paris (France) and counts close to 700 employees. Ymagis & CinemaNext Directory page Ymagis & CinemaNext Web Site
Similar Press Releases
Learn More About:
Countries: France More
More Ymagis Press Releases: Sep 26, 2016 Ymagis Group Announces 'Aquarius' as First Feature-Length Release Using EclairColor™ Digital Color Solution and Completion of First Cinema Install in Paris Sep 19, 2016 CinemaNext and Eclair to Present Revolutionary New EclairColor™ Digital Color Solution at 71st Annual Convention of French Cinema Exhibitors in Deauville Jul 7, 2016 Ymagis Group Launches EclairColor™, Its New Feature Film Mastering and Screening Technology for Cinemas Jun 30, 2016 CinemaNext Signs Agreement with Austrian Cinema Chain Cineplexx for Melody TMS and Symphony Circuit Management Software Jun 16, 2016 Ymagis Group Expands Eclair’s Dubbing Business in Germany with Addition of Christa Kistner Synchronproduktion May 24, 2016 CinemaNext Opens Its First French Regional Office at the Pole Pixel of Villeurbanne (Greater Lyon) Apr 29, 2016 Ymagis Group Signs Memorandum of Understanding for Acquisition of French Subtitling Company ST’501 Mar 30, 2016 Ymagis Group Announces Corporate Rebranding Initiative Feb 29, 2016 Ymagis Group and Polish Cinema Exhibitor Helios Sign Theatrical Content Delivery Deal Feb 25, 2016 Ymagis Group Installs 4K RGB Laser Projectors in Three New Megarama Cinemas in France and Morocco Feb 8, 2016 Ymagis Group Acquires German Cinema Distribution Services Leader Cine-Logistics Gmbh Jan 18, 2016 Ymagis Group/dcinex and Industry Leader Figueras Reach Non-Exclusive Distribution Agreement for Cinema Seating Jan 12, 2016 Ymagis Group Appoints Serge Sepulcre Director of Éclair’s Digital Distribution Division Jan 6, 2016 Ymagis Group Names Georges Garic New Deputy CEO Jan 5, 2016 YMAGIS Becomes Sole Shareholder of its Content Delivery Services Subsidiary Dec 14, 2015 Weischer.Media Signs Ymagis Group’s MELODY TMS to its ‘CINEMA.RELOADED® ready’ Programme Dec 2, 2015 Ymagis Group Launches New State-of-the-Art Dolby Atmos™ Screening Room at Central London Offices Nov 19, 2015 Multiplex Chain Cinema Park and Ymagis Group/dcinex Install First Barco 4K Laser Projector in Russia Nov 10, 2015 Vista Entertainment Solutions, a Vista Group International Company, Signs Software Distribution Agreement with Ymagis Group/dcinex for Russia and CIS Nov 6, 2015 Ymagis Group Completes First Dolby Atmos™ Installations in Greece with Exhibitor Village Cinemas More
©Copyright 2003 - 2016 WHMCC, LLC. All rights reserved.   | Contact | Terms of Use | Privacy Statement
banner