Lytus Technologies Holdings PTV. Ltd. announces 1 for 60 Reverse Stock Split

February 21, 2024

https://www.globenewswire.com/news-release/2024/02/21/2832837/0/en/Lytus-Technologies-Holdings-PTV-Ltd-announces-1-for-60-Reverse-Stock-Split.html

Dubai, UAE, Feb. 21, 2024 (GLOBE NEWSWIRE) — Lytus Technologies Holdings PTV. Ltd. (the “Company”) (Nasdaq:LYT), a leading global technology-driven services company, today announced that on February 5th, 2024, the Board of Directors of the Company approved a reverse stock split (the “Reverse Split”) of its authorized, issued and outstanding ordinary shares, par value $0.01 per share, at a ratio of 1-for-60 so that every 60 shares currently authorized and issued is combined into one (1) share. Shareholders otherwise entitled to receive a fractional share as a result of the Reverse Split will receive a whole share in lieu of such factional share. In connection with the Reverse Split, a vote of the shareholders of the Company is not required and as such, no shareholder vote or meeting of shareholders will be held.

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