DRONE VOLT: Share consolidation in November 2024

DRONE VOLT has announced a reverse stock split that will take place from October 31 to November 29, 2024. This transaction consists of an exchange of 100 existing shares for 1 new share, thereby increasing the nominal value of the share from €0.01 to €1. This reverse stock split aims to reduce stock market volatility and revitalize the DRONE VOLT share market.

This technical adjustment, which will not affect the overall value of the shares held by shareholders, will come into effect on December 2, 2024, the date of the first listing of the new shares. The remaining old shares will be delisted after this period. The mnemonic code, ALDRV, will remain the same.