On a corporate action affecting ordinary shares of Psychemedics Corporation (PMD)

On October 18, 2024, Psychemedics Corporation announced a reverse stock split at a ratio not less than 1-for-4,000 and not greater than 1-for-6,000 followed immediately by a forward stock split at a ratio not less than 4,000-for-1 and not greater than 6,000-for-1 to be effective if stockholders approve it on the Annual meeting of stockholders to be held on November 25, 2024. 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.