Flex obtains Singapore court approval for Nextracker spin-off; sets record date Dec 29, distribution Jan 2, 2024

FLEX LTD.

High Court of Singapore approved capital reduction for distribution of Yuma shares to Flex shareholders.
Record date for distribution: December 29, 2023; distribution and merger expected to close on January 2, 2024.
Each Flex ordinary share receives one Yuma share, then converted into ~0.17 Nextracker Class A common shares.
No further shareholder action required; spin-off and merger to occur simultaneously upon filing.

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