Please note the following key information for the reverse share split:
Reverse split ratio: twenty-five (25) old shares give one (1) new share
Date on which the corporate action was made public: April 30, 2024
Date of approval: April 30th, 2024
Last day including right: May 6th, 2024
Ex-date: May 7th, 2024
Record date: May 8th, 2024
Following completion of the reverse share split, the par value of the Company's shares will be reduced from USD 0.25 to USD 0.01. This reduction will be recorded on or about May 7th, 2024. The reduction amount will be transferred the Company's contributed surplus account.
In connection with the reverse share split, Archer Limited's shares will be transferred to a new ISIN.
Please note the following key information for the change of ISIN:
Issuer: Archer Limited
Previous ISIN: BMG0451H1170
New ISIN: BMG0451H2087
Date of ISIN change: May 7th, 2024
