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15 SEP

Material Fact: Warrants

The Company reported that as a result of an increase in the capital stock through the partial capitalization of the Issue Premium account and an amendment to section seven of its bylaws, changing the nominal value of the ordinary shares from one peso ARS 1to ARS 10.

Each and entitled to one (1) vote per share, which was informed in September 13, 2023, where the outstanding shares will change from 811,137,457 common shares, with a nominal value of ARS 1 each and one vote per share, to the amount of 736,354,245 common shares with a nominal value of ARS 10 each and one vote per share, as it was approved by the shareholders meeting held on April 27, 2023.  The terms and conditions of the outstanding warrants for common shares of the Company have been modified as follows:

 

Amount of shares to be issued per warrant:

  • Ratio previous to the adjustment: 1.1719 (Nominal Value ARS 1);ahora
  • Ratio after the adjustment (current): 1.0639 (Nominal Value ARS 10).

 

Warrant exercise price per new share to be issued:

  • Price previous to the adjustment: US$ 0.3689 (Nominal Value ARS 1);
  • Price after the adjustment (current): US$ 0.4063 (Nominal Value ARS 10).

 

 

The other terms and conditions of the warrants remain the same.