Organto Announces Consolidation of Common Shares

TORONTO, ON and BREDA, THE NETHERLANDS / ACCESSWIRE / September 18, 2023 / Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF)(FSE:OGF) ("Organto" or "the Company"), an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products announces on a 10:1 basis (the "Consolidation") the consolidation of its common shares ("Shares"). The Consolidation is set to be effective as of the close of business on September 28, 2023 (the "Record Date") and the Shares are expected to begin trading on a consolidated basis on the TSX Venture Exchange ("TSX-V") on September 29, 2023. The Consolidation was approved at a meeting of Organto's Board of Directors on September 13, 2023. Pursuant to Organto's constating documents, the Consolidation does not require shareholder approval.

As per the approved terms of the Consolidation, the Company's shareholders will receive one post-Consolidation Share for every ten pre-Consolidation Shares held. No fractional post-Consolidation Shares will be issued as a result of the Consolidation and fractional interests will be rounded to the nearest whole number of post-Consolidation Shares without any consideration payable therefor in the case of rounding down. Shareholders with fewer than five pre-Consolidation Shares are advised that their holdings will be reduced to zero without consideration. Such shareholders may wish to dispose of their Shares prior to the Record Date, or, if they wish to remain shareholders of Organto after the Consolidation, acquire additional pre-Consolidation Shares to ensure that they hold five or more pre-Consolidation Shares as of the Record Date.

Following the Record Date, as a result of the Consolidation, the number of issued and outstanding post-Consolidation Shares will be reduced to approximately 28,562,382 from 285,623,826, subject to the treatment of fractional shares. Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. The new CUSIP number for the post-Consolidation Shares is 68621J401 and the new ISIN number is CA68621J4019. Organto's post-Consolidation Shares will continue to trade on the TSX-V under the symbol OGO, on the OTCQB under the symbol OGOFF and on the Frankfurt Stock Exchange under the symbol OGF. Organto's name will not change.