Consolidation of Netmedia Group shares to strengthen the attractiveness and reduce the volatility of the share

NetMedia Group (ALNMG) announces the implementation of the consolidation of its shares, aimed at strengthening the attractiveness and reducing the volatility of the stock. One new share will be issued for each block of 100 old ones, in accordance with the resolution adopted at the general meeting of May 6, 2024.

The consolidation operations will begin on July 29, 2024 and will be effective on August 29, 2024, the date of the first listing of the new shares. The par value of the new shares will be €3, compared to €0.03 for the old ones.

Shareholders will have to adjust their portfolio to obtain a multiple of 100 before August 28, 2024 or will be compensated for shares not forming this multiple. The delisting of the former Euronext Growth Paris shares will take place on August 28, 2024.