SAFE: Capital reduction subject to share consolidation

Safe, whose ISIN code is FR001400RKU0, has announced a capital reduction not motivated by losses. This operation is based on the reduction of the par value of the shares, subject to the completion of a reverse stock split. Initially, 1,000 shares worth €0.0048 will be converted into one new share worth €4.80. This process must be completed by July 4, 2025. Shareholders without an exact multiple of 1,000 old shares must adjust their position by this date.

The Board of Directors has decided to reduce the share capital from €869,871.53 to €38,056.83. The par value will thus decrease to €0.21 per share post-consolidation. The sum of €831,813.57 will be recorded in the "Share Premium" account. Creditors may object for 20 days after the minutes are filed with the registry. This transaction must result in a par value lower than the share price.