Babylon Holdings implements 1-for-25 reverse share split

Babylon is proceeding with a 1-for-25 reverse share split of its Class A ordinary shares, par value $0.0000422573245084686 per share. The Reverse Share Split will become effective on December 15 and the Class A Ordinary Shares are expected to begin trading on a split-adjusted basis when the NYSE opens on December 16. The par value of the Class A Ordinary Shares will be changed to $0.0001 per share. Following the Reverse Share Split, the number of issued and outstanding Class A Ordinary Shares will be reduced from approximately 620 million to approximately 24.8 million shares. The Class A Ordinary Shares will continue to trade on the NYSE under the existing symbol, "BBLN." Babylon’s share capital, upon effectiveness of the Reverse Share Split, will be $38,800 divided into: 260,000,000 Class A Ordinary Shares with a par value of $0.0001 each; 124,000,000 Class B Ordinary Shares with a par value of $0.0001 each; and 4,000,000 Deferred Shares with a par value of $0.0001 each. The Reverse Share Split is intended to increase the per share trading price of the Class A Ordinary Shares to enable Babylon to regain compliance with the minimum share price requirement of the NYSE.