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*TECHNICOLOR STARTS CAPITAL INCREASE OF APPROXIMATELY €227M

*TECHNICOLOR SEEKS TO RAISE EU227M SELLING NEW SHARES
*TECHNICOLOR OFFERS HOLDERS 1 NEW SHARE FOR EVERY 7 HELD
*TECHNICOLOR TO SELL NEW SHARES FOR EU4.70 EACH
*TECHNICOLOR SHARE SALE TO RUN OCT. 22-NOV. 4
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