Paragon ID: Result of the simplified public purchase offer targeting the shares and BSA 2015-1 of Paragon ID – 03/11/2023 at 6:00 p.m.

Grenadier Holdings Ltd crosses the threshold of 90% of the capital and voting rights of Paragon ID (Euronext Paris – FR0013318813 – PID), allowing the implementation of a squeeze-out.

The Financial Markets Authority (the “AMF”) today published the final results of the simplified public purchase offer initiated by Grenadier Holdings Ltd on the shares and BSA 2015-1 of Paragon ID

(the “Offer”), following the closing of the Offer on November 2, 2023.

Following the Offer, Grenadier Holdings Ltd, acting in concert within the meaning of Article L. 233-10 of the Commercial Code with GIML Investments 3 Limited, a sister company, holds a total of 1,896,947

¹

shares and 3,488,550 voting rights of Paragon ID, representing 95.64% of the capital and 95.04% of the voting rights of this company

²

.

Grenadier Holdings Ltd also holds, directly and in concert, following the Offer, 151,000 BSA 2015-1 representing 100% of the BSA 2015-1 in circulation.

Building on this result, Grenadier Holdings Ltd will soon submit a request to the AMF for the implementation of the squeeze-out procedure relating to all of the Paragon ID shares not tendered to the Offer, in accordance with what was indicated in the information note relating to the Offer.

The squeeze-out will be made under the same financial conditions as the Offer, i.e. 38.01 euros per Paragon ID share. The Paragon ID share price has been suspended pending the implementation of the squeeze-out.

The results notice published by the AMF is available on its website (www.amf-france.org).

Important Warning

This press release has been prepared for informational purposes only. It constitutes neither an offer to buy nor a solicitation for the sale of Paragon ID securities in any country, including France.

The dissemination, publication or distribution of this press release may be subject to specific regulations or restrictions in certain countries. Consequently, persons in possession of this press release are required to inquire about any local restrictions that may apply, and to comply with them.

About Paragon ID


Paragon ID is a champion of identification solutions dedicated to the e-ID, Transport & Smart Cities, Traceability & Brand Protection, and Payment markets. Paragon ID employs more than 900 people and has production sites located in the United States and Europe, close to its customers.

Listed on Euronext Paris (Euronext Paris – Paragon ID – ISIN code: FR0013318813 – Mnemonic code: PID), Paragon ID’s reference shareholder is Grenadier Holdings (formerly Paragon Group), a private investment group, present in more than 30 countries with a global reach, achieving a turnover of 1.5 billion euros and more than 10,000 employees. More information at Grenadier-holdings.com.

More information at Paragon-id.com.

Contacts

1

Including the holding by assimilation under the provisions of article L. 233-9 I, 4° of the Commercial Code relating to 2,000 Paragon ID shares consisting of cross purchase and sale promises concluded with Paragon shareholders ID beneficiaries of free shares in the retention phase, under conditions consistent with the offer price (see in particular section 2.3.1 of the initiator’s information note).

2

On the basis of a capital composed of 1,983,403 shares representing at most 3,670,685 voting rights, in application of the 2nd paragraph of article 223-11 of the general regulations.

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