The Generation Essentials Group to Hold Extraordinary General Meeting on December 7, 2026

The proposed consolidation is intended to restore compliance with the NYSE's minimum average closing share price standard.

Rhea-AI Summary

The Generation Essentials Group (TGE) will hold an extraordinary general meeting on December 7, 2026, to vote on a share consolidation. The proposal would consolidate every 15 shares into one across voting Class A ordinary shares, voting Class B ordinary shares and non-voting redeemable preferred shares, subject to approval by ordinary resolution.

The company intends the consolidation to restore compliance with the NYSE's minimum average closing share price standard. Authorized share capital would remain US$50,000, while the authorized share count would change from 1,887,814,313,346.23 to 125,854,287,556.42. The hybrid meeting begins at 9:00 a.m. Eastern Standard Time, with attendance in Paris or online. Class A and Class B holders of record at the close of business on November 9, 2026, Eastern Standard Time, may attend and vote.

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• None.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Proposed 15-for-1 share consolidation addresses the NYSE minimum average closing share price listing requirement.
• Minor pointShareholder approval by ordinary resolution remains required for the proposed consolidation.

News Explained

The proposed 15-for-1 consolidation still requires shareholder approval; the company gives no assurance it would produce a proportionate or lasting share-price increase, avoid adverse effects on market capitalization or liquidity, or restore or maintain NYSE listing compliance.

Key Figures

Proposed consolidation ratio: 15 shares into 1 share Extraordinary general meeting: December 7, 2026 Record date: November 9, 2026

Proposed consolidation ratio

15 shares into 1 share

Share consolidation, subject to shareholder approval

Extraordinary general meeting

December 7, 2026

Shareholders will consider and vote on the proposal

Record date

November 9, 2026

Determines shareholders entitled to notice, attend, and vote at the meeting

Key Terms

ordinary resolution, par value, authorized share capital, redeemable preferred shares

4 terms

ordinary resolution regulatory

"approved by an ordinary resolution of the shareholders"

An ordinary resolution is a decision made by shareholders at a company meeting that is approved when more than half of the votes cast are in favor. Think of it like a household vote where a majority decides routine matters — it covers everyday corporate actions such as approving directors, routine policy changes, or distributions, and matters to investors because these majority-approved choices shape governance, management authority, and the company’s near-term direction.

par value financial

"shares of a par value of US$0.0000000264856557377049 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

authorized share capital financial

"the authorized share capital of the Company will be changed"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

redeemable preferred shares financial

"non-voting redeemable preferred shares"

A redeemable preferred share is a type of stock that pays regular, usually fixed, dividends and that the issuing company has the right to buy back at a preset price or after a certain date. Think of it like a loan that pays steady interest but can be repaid early by the borrower; it matters to investors because it offers higher income and priority over common shares in payouts, but limits upside potential and carries the risk of being called away.

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NEW YORK and PARIS and LONDON, Nov. 9, 2026 /PRNewswire/ -- The Generation Essentials Group (NYSE: TGE; LSE: TGE) ("TGE" or the "Company"), today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 9:00 a.m. (Eastern Standard Time) on December 7, 2026. The EGM will be held as a hybrid meeting with a physical meeting located at 66 Rue Jean-Jacques Rousseau, 75001 Paris, France and virtual attendance and participation by members and/or proxies via the internet at https://www.cstproxy.com/thegenerationessentials/2026. 

A proposal to consolidate the Company's shares will be submitted to the Company's shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, (a) every fifteen (15) issued and unissued voting Class A ordinary shares of a par value of US$0.0000000264856557377049 each in the share capital of the Company will be consolidated into one (1) voting Class A ordinary share of a par value of US$0.0000003972848360655735 each, (b) every fifteen (15) issued and unissued voting Class B ordinary shares of a par value of US$0.0000000264856557377049 each will be consolidated into one (1) voting Class B ordinary share of a par value of US$0.0000003972848360655735 each, and (c) every fifteen (15) issued and unissued non-voting redeemable preferred shares of a par value of US$0.0000000264856557377049 each will be consolidated into one (1) non-voting redeemable preferred share of a par value of US$0.0000003972848360655735 each (collectively, the "Share Consolidation"), such that immediately following the Share Consolidation, the authorized share capital of the Company will be changed from US$50,000 divided into 1,887,814,313,346.23 shares of a par value of US$0.0000000264856557377049 each to US$50,000 divided into 125,854,287,556.42 shares of a par value of US$0.0000003972848360655735 each, comprising of (i) 119,403,256,791.2313 voting Class A ordinary shares, (ii) 4,854,429,177.56286 voting Class B ordinary shares and (iii) 1,596,601,587.62089 non-voting redeemable preferred shares (in each case, as rounded for presentation purposes only, or equivalent in fractions). In respect of any fractional entitlements to the issued consolidated shares resulting from the Share Consolidation, if so determined by the board of directors of the Company in its sole discretion, the directors will be authorized to settle any difficulty which arises in relation to the Share Consolidation as they consider expedient, including by capitalizing amounts standing to the credit of any reserve or fund of the Company and applying such sum in paying up unissued shares to round up any fractions of shares issued to or registered in the name of shareholders following or as a result of the Share Consolidation.

The Share Consolidation is intended to enable the Company to regain compliance with the New York Stock Exchange's continued listing standard relating to minimum average closing share price. There can be no assurance that the Share Consolidation, if approved and implemented, will result in a proportionate increase in the per-share price of the Company's ordinary shares, that any increased share price can be maintained, that the Share Consolidation will not adversely impact the market capitalization or liquidity of the Company's shares, or that the Company will successfully regain or maintain compliance with the NYSE's minimum bid price requirement or other continued listing standards.

The Board has fixed the close of business on November 9, 2026 (Eastern Standard Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of, to attend, and to vote at, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company's Class A ordinary shares and Class B ordinary shares at the close of business on the Record Date are entitled to notice of, and to attend and vote at, the EGM or any adjournment or postponement thereof, in person at the meeting venue or virtually by means of electronic facilities. The notice of the EGM, which sets forth the resolution to be submitted for shareholder approval at the meeting, is available on the Company's website at https://www.thegenerationessentials.com/. 

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and The Generation Essentials Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/the-generation-essentials-group-to-hold-extraordinary-general-meeting-on-december-7-2026-302933765.html

SOURCE The Generation Essentials Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share consolidation will The Generation Essentials Group shareholders vote on?

Shareholders will vote on a proposed 15-for-1 consolidation covering voting Class A ordinary shares, voting Class B ordinary shares and non-voting redeemable preferred shares. Approval requires an ordinary resolution at the December 7, 2026 extraordinary general meeting.

How can TGE shareholders attend and vote at the December 7, 2026 meeting?

Class A and Class B shareholders of record at the close of business on November 9, 2026, Eastern Standard Time, may attend and vote in person or virtually. The meeting starts at 9:00 a.m. Eastern Standard Time at 66 Rue Jean-Jacques Rousseau, 75001 Paris, France, with online participation at https://www.cstproxy.com/thegenerationessentials/2026. The meeting notice is available at https://www.thegenerationessentials.com/.

How would TGE handle fractional shares from the proposed consolidation?

The board would have discretion to address fractional entitlements, including by rounding up shares. Directors would be authorized to capitalize amounts from a company reserve or fund and use those amounts to pay up unissued shares for that purpose.