2022---avenir-telecom--consolidation-of-avenir-telecom-shares---08-26-2022-at-08-00 Review

: 80 existing shares were exchanged for 1 new share (1-for-80 ratio).

: Headquartered in Marseille, France , the company distributes products in over 55 countries , with nearly all sales (99.9%) concentrated in the Europe, Middle East, and Africa (EMEA) region. Shareholder Impact : 80 existing shares were exchanged for 1

In August 2022, initiated a significant restructuring of its share capital through a stock consolidation (reverse split) to stabilize its market presence on the Euronext Paris . This strategic move aimed to reduce the high number of outstanding shares and increase the individual share price to meet standard exchange expectations. Key Consolidation Details (August 2022) This strategic move aimed to reduce the high

: Avenir Telecom operates primarily as the exclusive global designer and distributor for Energizer® branded mobile phones and accessories. Strategic Context

: The technical effective date for the new shares on the market was October 12–13, 2022 . Strategic Context