Grenadier Holdings Ltd, majority shareholder of Paragon ID with 80.25% of the capital and 86.93% of the theoretical voting rights, announces its intention to file a simplified cash tender offer (OPAS) at a price of 38.01 euros per share.

It also intends to implement a squeeze-out procedure for all Paragon ID shares it does not hold, should it hold at least 90% of the share capital and voting rights after the OPAS.

The offer is expected to be filed with the AMF in July 2023. At the company's request, share trading, which was suspended on Monday, will resume on Tuesday June 20.

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