Corrigendum to the notice of the Extraordinary General Meeting of Company
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Olatech Solutions has issued a corrigendum to the EGM notice originally sent to shareholders on December 17, 2025, ahead of the EGM scheduled for January 8, 2026. The correction relates to the number of shares and face value of Code Brew W.L.L. (a Bahrain-based 'Target Company'), in which Olatech proposes to hold a 40% stake. The original notice incorrectly stated 300 shares of face value BHD 2 each; this has been corrected to 12 shares of face value BHD 50 each. As a result, the share swap ratio has been revised to 1:16566.91667. The corrigendum has been emailed to shareholders via NSDL, will be published in newspapers, and uploaded on the company's website. All other contents of the original EGM notice remain unchanged.
This is an administrative correction to the EGM notice and does not change the underlying transaction — Olatech's 40% stake in Code Brew W.L.L. stays the same. However, the sharply revised share swap ratio (now far more shares of Olatech per share of the target) could affect dilution for existing shareholders and warrants attention from investors before the EGM vote.