Proposed simplified public offer for the shares of Paragon ID by Grenadier Holdings Ltd., majority shareholder in the Company

Highlights:

• Friendly takeover bid by Grenadier Holdings Plc., majority shareholder in Paragon ID with 80.25% of the capital and 86.93% of the voting rights
• Board of Directors of Paragon ID in favour of the Offer, in principle
• Price: €38.01 per share
• Grenadier Holdings Ltd. to implement squeeze-out procedure for Paragon ID shares in order to acquire 100% of the equity, subject to fulfilment of legal and regulatory conditions