On a corporate action affecting Class B ordinary shares of Paramount Global (PARA)

On July 7, 2024, Paramount Global signed a merger agreement with Skydance Media, LLC and New Pluto Global, Inc. to create a new company New Paramount. Paramount Global stockholders will receive one share of Class B stock of New Paramount for each Class B ordinary share of Paramount Global that they own. Transaction is expected to close in the first half of 2025. For more details, please, refer to the company’s website.    

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.