VERGNET: Reduction of the par value and modification of the parity of the consolidation – 08/31/2023 at 6:30 p.m.

The Vergnet Group decides on a capital reduction motivated by losses by reducing the nominal value of the company’s share and modifies the future consolidation parity

Elms, August 31, 2023

The Vergnet Group announces that the Board of Directors of Vergnet SA (“the Company”) decided during its meeting of August 29, 2023, making use of the delegation granted to it by the General Meeting of Shareholders, to a reduction in the share capital by reducing the par value of its shares.

The par value of each Company share is thus reduced from 0.0004 euro to 0.0001 euro and the share capital to 309,770.4006 euros.

This purely technical operation has no impact on the market value of the Company’s shares, nor on the number of shares in circulation. Thus, following this operation, the share capital of the Company remains composed of 3,097,704,006 ordinary shares.

Thus, with this new nominal value of €0.0001, the consolidation operation announced on July 27, 2023 and the terms of which have been modified taking into account the reduction in capital motivated by losses by way of reduction of the nominal value of the shares comprising the share capital of the Company decided by deliberation of the Board of Directors of the Company on July 31, 2023 and announced on August 2, 2023 sees its conditions again modified as follows:

Number of shares subject to consolidation

: three billion ninety-seven million seven hundred four thousand six (3,097,704,006) shares as of today’s date with a nominal value of one thousandth of a euro (€0.0001) each, it being specified that this number of shares subject to the consolidation will be increased, where applicable, by the shares issued following the exercise of the rights of the beneficiaries of any securities giving access to the capital of the Company or by the shares which would be issued as from the notice of suspension and before the effective date of the suspension. In this case, the final number of shares subject to consolidation will be determined by the Board of Directors, with the option of sub-delegation, before the start of the consolidation operations, and will be published by the Company.

Grouping parity

: twenty-five thousand (25,000) old shares with a nominal value of one thousandth of a euro (€0.0001) for one (1) new share with a nominal value of two euros and fifty cents (€2.50).

Number of new shares to come from the business combination

: one hundred and twenty-three thousand nine hundred and eight (123,908) shares with a nominal value of two euros and fifty cents (€2.50) each, it being specified that the number of shares resulting from the consolidation will be increased, if necessary, shares issued following the exercise of the rights of the beneficiaries of any securities giving access to the capital of the Company, or shares which would be issued as from the notice of suspension and before the date of entry into force of the suspension. In this case, the final number of shares resulting from the consolidation will be determined by the Board of Directors, with the option of sub-delegation, before the start of the consolidation operations, and will be published by the Company.

Fractional securities

: shareholders who do not have a number of old shares corresponding to a whole number of new shares will have to make their own personal business of buying or selling old shares forming odd lots, in order to obtain a number of multiple shares of twenty-five thousand (25,000), until September 11, 2023. After the aforementioned period, the new shares which could not be allocated individually and corresponding to fractional rights will be sold on the stock market by financial intermediaries and the sums from the sale will be distributed in proportion to the fractional rights of the holders of these rights within thirty (30) days from September 12, 2023.

The schedule of operations remains unchanged.

About Vergnet SA

The Vergnet Group, “a virtuous creator of energy independence since 1989”, has never ceased since its inception to enable its customers to control their energy production, despite difficult or even extreme geographical and climatic conditions.

Expert in the production of renewable energies (wind, solar, hybrid) on non-interconnected networks and armed with unique technologies, the Group has developed the Hybrid Wizard, a hybrid system controlling in real time the share of renewable energies injected into the electrical network by guaranteeing operational safety and security for island or isolated networks.

The Group has already installed 1,000 wind turbines and 402 MW of all energies combined. It is present in more than 50 countries and has 200 employees in 11 locations.

Vergnet has been listed on Euronext Growth since June 12, 2007.

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