The AMF has announced that the simplified tender offer (OPAS) for Paragon ID's 2015-1 shares and warrants, filed by Banque Palatine on behalf of Grenadier Holdings Limited, will be open from September 21 to November 2, 2023 inclusive.

The offeror irrevocably undertakes to acquire, at a unit price of 38.01 euros, all the existing shares not held by it, as well as the shares likely to be issued on exercise of the warrants, i.e. a maximum of 318.974 shares, representing 13.83% of the share capital.

It intends to request, within three months of the closing of the offer, if the required conditions are met, the implementation of a squeeze-out for Paragon ID shares not tendered to the offer, at a price of 38.01 euros per share.

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