Offer price: 38.01 euros per share – 0.23 euros per BSA 2015-1
Duration of the offer: thirty (30) trading days
The timetable for the simplified public purchase offer (the “
“) will be set by the Financial Markets Authority (the ”
“) in accordance with its general regulations.
This press release was prepared and distributed by the company Paragon ID in accordance with the provisions of articles 231-27 3° and 231-28 of the general regulations of the Financial Markets Authority (the “AMF”).
In application of articles 231-19 and 261-1 et seq. of the RGAMF, the report of the firm FINEXSI – Expert & Conseil Financier, acting as an independent expert, is included in the information note in response.
In accordance with the provisions of Article L. 433-4 III of the Monetary and Financial Code and Articles 237-1 et seq. of the AMF general regulations, in the event that, following the Offer, the number of Paragon ID shares not presented by minority shareholders (with the exception of Free Shares which are subject to a liquidity mechanism) would not represent more than 10% of the capital and voting rights of Paragon ID, Grenadier Holdings Ltd. intends to request from the AMF the implementation, within three (3) months of the closing of the Offer, of a squeeze-out procedure in order to have the shares transferred to it Paragon ID not presented in the Offer (with the exception of Free Shares which are subject to a liquidity mechanism), subject to unit compensation equal to the Offer price, after adjustments where applicable.
Grenadier Holdings Ltd. intends, in the event that, at the end of the Offer, the shares likely to be created by exercise of BSA 2015-1 not presented in the Offer, once added with the existing Paragon ID shares not presented to the Offer (with the exception of Free Shares which are subject to a liquidity mechanism), would not represent more than 10% of the sum of Paragon ID capital securities existing and likely to be created, to request from the AMF the implementation, within (3) three months following the closing of the Offer, of a squeeze-out procedure targeting the BSA 2015-1 not presented to the Offer, subject to unit compensation equal to the price of the BSA 2015-1 within the framework of the Offer.
In application of article L. 621-8 of the Monetary and Financial Code and article 231-26 of its general regulations, the AMF has, in application of its compliance decision of September 19, 2023, affixed visa no. °23-400 dated September 19, 2023 on the information note established by the Company in response (the ”
Note in Response
“) to the Offer initiated by Grenadier Holdings Ltd. (the “Offer”).
In accordance with article 231-28 of the AMF general regulation, information relating to the legal, financial and accounting characteristics of Paragon ID (the “Other Information Document”) was filed with the AMF on September 19, 2023. and complete the Response Note.
The Response Note and the Other Information Document are made available to the public today, are available on the websites of the Company ( www.paragon-id.com ) and the AMF ( www.amf-france.org ) and can be obtained free of charge at the head office of the company Paragon ID, located Les Aubépins, 18410 Argent-Sur-Sauldre.
Prior to the opening of the Offer, the AMF and Euronext will respectively publish a notice of opening and timetable and a notice announcing the terms and timetable of the Offer.
This press release has been prepared for informational purposes only. It constitutes neither an offer to buy nor a solicitation of an offer to sell Paragon ID securities. The release, publication or distribution of this press release may be restricted by law in certain jurisdictions and, accordingly, any person in its possession located in such jurisdictions should inform themselves of and comply with any applicable legal restrictions. Investors and shareholders located in France are strongly recommended to read the information note mentioned in this press release, as well as any modification or supplement made to this document, to the extent that it contains important information about the proposed transaction and other related matters. Neither Paragon ID, nor its respective shareholders and advisors or representatives accepts any responsibility for the use by any person of this press release or its contents, or more generally relating to the press release.
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