Reverse share split and capital reduction - completion of the operations

Air France - KLM reverse share split and capital reduction - Completion of the transactions Air France - KLM (the " Company ") announces today the completion of the reverse share split of all outstanding shares of the Company and the simultaneous acknowledgment of the capital reduction by reduction of the nominal value of each share, as decided by the Board of Directors at its meeting on 4 July 2023 and in accordance with the 36 thand 37 th extraordinary resolutions of the...

Paris, 31/08/2023 (informazione.it - comunicati stampa - turismo)

Air France - KLM reverse share split and capital reduction
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Completion of the transactions

Air France - KLM (the " Company ") announces today the completion of the reverse share split of all outstanding shares of the Company and the simultaneous acknowledgment of the capital reduction by reduction of the nominal value of each share, as decided by the Board of Directors at its meeting on 4 July 2023 and in accordance with the 36 and 37 extraordinary resolutions of the Combined General Meeting of 7 June 2023.

These transactions result in:

A shareholder who was unable to obtain a number of shares that is a multiple of 10 will be compensated for any remaining fractional shares (rompus) within a maximum of 30 days by his/her financial intermediary, i.e. until 2 October 2023. Shareholders are advised to contact their financial intermediary for any question on this matter.

Adjustment of the conversion ratio for securities giving access to the Company's capital:

Following the reverse share split, and by decision of the Chief Executive Officer dated today, the conversion ratio of (i) the deeply subordinated perpetual bonds convertible into new shares and/or exchangeable for existing shares issued for a nominal amount of 305.3 million through a placement with qualified investors on 16 November 2022 (the " Hybrid CBs ") and of (ii) the bonds convertible into and/or exchangeable for new or existing shares issued in an amount of 500 million euros in March 2019 and maturing in 2026 (the " OCEANEs 2026 "), are adjusted in accordance with the following terms, which will be set out in a notice of adjustment to be published in the Bulletin des Annonces Légales Obligatoires:

Timetable :

All transactions relating to the reverse share split will take place according to the following schedule:

Investor Relations                                                         

Michiel Klinkers                               Marouane Mami                                                             

michiel.klinkers@airfranceklm.com        mamami@airfranceklm.com

Website: www.airfranceklm.com

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