ALTISOURCE PORTFOLIO SOLUTIONS S.A.
For the period ended May 13, 2025. Filed Mar 31, 2025.
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May 13, 2025 · Filed Mar 31, 2025
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Proposal Two: Share Capital Decrease Proposal
| | | PROPOSALS TO BE CONSIDERED AT THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS | |
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Proposal Two: Share Capital Decrease Proposal
On February 25, 2025, our Board approved, subject to shareholder approval, an amendment to Article 5 of the Articles of Incorporation to decrease the share capital of the Company by an amount of seven hundred seventy-eight thousand three hundred twenty-nine dollars and thirty-five cents (USD 778,329.35) without cancellation of the outstanding Company’s common stock post-Consolidation, by decreasing the par value of the existing shares of the Company’s common stock, in order to bring the share capital of the Company from its current amount of eight hundred eighty-nine thousand five hundred nineteen dollars and twenty-five cents (USD 889,519.25) to an amount of one hundred eleven thousand one hundred eighty-nine dollars and ninety cents (USD 111,189.90) represented by eleven million one hundred eighteen thousand nine hundred ninety (11,118,990) shares of the Company’s common stock without designation of nominal value, and by allocating such amount deriving from the share capital decrease to the share premium account of the Company.
This capital decrease aims to reduce the par value per share at USD 0.01 following the Share Consolidation (which will have the effect to increase the par value per share).
The foregoing description of the proposed amendment is qualified in its entirety by reference to the proposed amendment, which is attached hereto as Appendix A and incorporated herein by reference.
SHARE CAPITAL DECREASE PROPOSAL
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