Les Toques Blanches du Monde becomes the ALGREEN Group and completes its merger with NAKA

LYON, France–(BUSINESS WIRE)–Regulatory News:

LES TOQUES BLANCHES DU MONDE (Paris: ALTBM) (Euronext Growth Paris, Ticker: ALTBM – ISIN: FR0011668821), a French company specializing in the food industry and distribution, which has become ALGREEN (the « Company »), specializes in the multi-sector agri-food industry, with a strategy of integrating companies, industries, and brands into a single group while prioritizing traditional and innovative small and medium-sized enterprises.

Our goal is to become a major player in the European food industry, serving consumers while respecting the environment, health, and locally produced goods.

The change of the Company’s name to ALGREEN was unanimously approved by the Company’s combined general meeting of shareholders held on June 30, 2022, following the completion of the transfer of an entire branch of business, namely the distribution of products and concepts related to the «LES TOQUES BLANCHES DU MONDE» brand, to LTBM Distribution—a transaction that had been announced in the Company’s press release dated May 6, 2022.

Furthermore, as announced in the press release dated May 6, 2022, the Company’s combined annual and special shareholders« meeting held on June 30, 2022, approved by a majority of 99% the contribution-in-kind of 322,506 shares of NAKA (“ NAKA ») for the benefit of the Company, representing 51% of NAKA's capital and voting rights.

It is noted that the quorum at the Company’s combined annual and special shareholders’ meeting held on June 30, 2022, was 68.54% and that all resolutions put to a vote at the meeting were approved, thus demonstrating the very strong support of the Company’s shareholders for the Company’s projects.

It is noted that, in consideration for the contribution of 51% of NAKA’s capital and voting rights, representing a total value of approximately 8.7 million euros, the Company issued 14,314,951 new common shares at a price of 0.605659 euros per share (corresponding to a valuation of the Company of 2,500,000 euros), representing a capital increase with a nominal amount of 6,865,498.18 euros.

The other details of this transaction are outlined in the Company's press release dated May 6, 2022.

As a result of this transaction, the Company’s share capital has been increased to €8,845,173.16, divided into 18,442,685 shares with a par value of 0.4796 euros.¹.

Thus, Toques Blanches du Monde becomes ALGREEN, a financial holding company that owns:

– Unis Fish Food at 100%; ;

– LTBM Distribution at 100%; ;

– NAKA at 51%.

WHITE TOQUES AROUND THE WORLD

Les Toques Blanches du Monde is a French food brand founded in 2011, whose products are sold in France through major retail chains.

A range of authentic products with a unique flavor and an incredible history—we are committed to preserving the world’s culinary heritage and Europe’s artisanal traditions. Simple, magical products that tell the unique story of their origins with every bite. Products with a soul. Let’s savor the soul of things.

UNIS FISH FOOD

Unis Fish and Food, founded in 1989, is a company that produces smoked salmon, caviar, and crab, which we supply to private-label brands in France.

For more than 30 years, our mission has been to manufacture high-end products. Our company is built on quality manufacturing and an uncompromising selection of materials, which has made it a leader in the market.

NAKA

Founded in October 2020, Naka is a company that produces CBD-based functional sparkling beverages. Our beverage is distributed in France through supermarkets, food service outlets, and restaurants.

Bold, creative, even irreverent, Naka is the drink for those who allow themselves every freedom. By combining the benefits of an ancient plant with a strong, intoxicating visual identity, Naka takes us on an immersive journey that awakens the senses. More than just an experience, we’ve found our calling: to relax the body and soothe the mind.

ALGREEN (Euronext Growth Paris, Ticker: ALTBM – ISIN: FR0011668821), a French company specializing in the food industry and food distribution.

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¹ These are associated with 18,288,340 exercisable voting rights and 18,701,113 theoretical voting rights.

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