Blockchain Press Releases

ASSA ABLOY intends to acquire Evolis in France

Published

1 year ago

July 19, 2023

STOCKHOLM, July 19, 2023 /PRNewswire/ — ASSA ABLOY intends to, through its subsidiary HID Global SAS (“HID”), and subject to certain customary and regulatory conditions, purchase approximately 98.5 percent of the shares of EVOLIS S.A. (“Evolis” or the “Company”), a Euronext Growth company listed in Paris and a leading French manufacturer of ID card printers and consumables.

HID has entered into (i) a put option agreement with the shareholders of Cedys & Co S.A.S. (“Cedys”) for all of the Cedys’ shares, noting that Cedys owns approximately 84.4 percent of the Evolis shares and voting rights (i.e. 4,407,707 shares) and (ii) a share purchase agreement for the sale by Crédit Mutuel Equity SCR and Crédit Mutuel Innovation of 14.0 percent of the shares (i.e. respectively 732,632 and 10 shares) to HID, which would result in a combined purchase price for the two transactions noted in (i) and (ii) above of approximately EUR 224.9 million for 98.5 percent of the Evolis shares (i.e. 5,140,349 shares), which is equivalent to a purchase price per Evolis share of EUR 43.75 (the “Acquisition”).

The purchase price represents a premium of approximately 36 percent over Evolis’ volume-weighted average share price on Euronext Growth Paris during the last 60 traded days up to and including July 17^th, 2023, of 32.30 EUR.

After the completion of the Acquisition, HID would own approximately 98.5 percent of the share capital and voting rights of the Company, (i.e. 5,140,349 shares) and would then launch a mandatory public tender offer (OPAS-RO)^[1] shortly thereafter for the remaining 1.5 percent outstanding shares of Evolis (the “Offer”) (i.e. 80,471 shares)^[2] (at the same purchase price per Evolis share as for the Acquisition, i.e., EUR 43.75 per Evolis share, subject to the Evolis’ board of directors opinion on the terms of the Offer, which would account for a fairness opinion report on the Offer from an independent appraiser). The Offer would be subject to the AMF’s clearance decision (French Financial Markets Authority – AMF – Autorité des Marchés Financiers).

After the closing of the Offer, HID would intend to implement, in accordance with the provisions of the General Rules (Règlement Général) of the AMF, a squeeze-out procedure for the remaining outstanding shares of the Company.

Evolis develops, manufactures, and sells printers and software for personalization of physical credentials. Through a well-established channel network Evolis has built a well-established global market position in the instant issuance of physical credentials including ID cards, access control badges, payment cards and other personalized credentials.

Evolis was established in 1999 and has some 380 employees. The company is headquartered in Angers, France. The Company is listed on Euronext Growth in Paris.

“I am looking forward to welcoming Evolis into the ASSA ABLOY Group. Evolis would be a good technological addition to the ASSA ABLOY Group and would reinforce our current offering within the secure issuance business” says Nico Delvaux, President and CEO of ASSA ABLOY.

“It would be a pleasure to welcome Evolis to the HID family” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. “Joining forces with a strong industry player like Evolis would enable us to better meet our customers’ needs and provides complementary growth opportunities across product, geographical and vertical market presence”.

Conditions to the Acquisition

The Acquisition is conditional upon customary closing conditions and regulatory approval and would be expected to close during the third quarter of 2023.

Financial effects for ASSA ABLOY

Assuming all the free float would be tendered to the Offer, the total amount paid for the Acquisition and the Offer would amount to approximately EUR 228.4 million.

For 2022 Evolis’ sales amounted to EUR 112 million with a strong EBIT-margin. The acquisition would be accretive to EPS from the start.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: [email protected]

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 52,000 employees and sales of SEK 121 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

^[1] OPAS: simplified tender offer according to Art. 233-12 of the RGAMF as HID will own more than 50 percent of the shares and voting rights of Evolis at the time the tender offer is initiated.

^[2] Excluding 3,542 free shares which will be issued between 2024 and 2025.

The following files are available for download:

https://mb.cision.com/Main/7333/3807071/2195544.pdf	Press release (PDF)
https://news.cision.com/assa-abloy/i/logo-on-facade2,c3200839	logo on facade2 Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/assa-abloy-intends-to-acquire-evolis-in-france-301880585.html

Blockchain Press Releases

Matrixdock Integrates XAUm Gold Token with Binance Wallet to Advance Financial Equality

Published

5 hours ago

December 30, 2024

CISION (PR Newswire)

matrixdock-integrates-xaum-gold-token-with-binance-wallet-to-advance-financial-equality

SINGAPORE, Dec. 30, 2024 /PRNewswire/ — Matrixdock, Asia’s real-world asset (RWA) tokenization leader, announces the integration of its flagship gold token, XAUm, with Binance Wallet, one of the world’s leading digital asset wallets. This development builds on previous integrations with centralized exchange Web3 wallets like OKX and crypto wallets like MetaMask, reinforcing Matrixdock’s commitment to making gold investments more secure, efficient, and accessible for hundreds of millions of global users.

At the core of this integration is XAUm, a token fully backed by London Bullion Market Association (LBMA)- accredited gold bars with a minimum fineness of 99.99%. Each XAUm token represents one troy ounce of gold. These gold reserves are securely stored in Brink’s vaults in Hong Kong and Singapore, offering token holders the option to redeem XAUm for physical gold.

Purpose-built for Web3 compatibility and the multi-chain ecosystem, XAUm seamlessly blends blockchain innovation with user-centric design. Its robust proof-of-reserve transparency, efficient multi-chain reserve management, and enhanced interoperability inspire trust and elevate gold from a static asset to a dynamic, multifunctional financial instrument in the digital economy.

This integration with Binance Wallet builds on previous developments within Binance’s ecosystem, including decentralized exchanges and lending platforms. The goal is to make XAUm a benchmark for modern gold investments, providing an efficient and trusted solution that redefines asset efficiency and financial equality.

Binance Wallet enhances this vision by offering a secure and intuitive entry point to Web3. Users can manage digital assets, perform cross-chain token swaps, and earn yields effortlessly. With a simple setup process via the Binance app, the wallet eliminates the need for seed phrases or private keys, furthermore, it utilizes Multi-Party Computation (MPC) technology to enhance secure transactions.

Through this integration, individuals worldwide are able to buy, own, and trade gold conveniently with a mobile device. By leveraging Web3 technology and the multi-chain ecosystem, Matrixdock and Binance Wallet set a new standard for modern gold investments, driving financial equality and innovation.

About Matrixdock

Founded in February 2023 by Matrixport, Matrixdock is Asia’s RWA leader that modernizes financial instruments through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, earned the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions. In 2024, it launched a one-of-a-kind Tokenized Gold token, XAUm, modernizing traditional gold investment into a dynamic, multifunctional digital asset.

Photo – https://mma.prnewswire.com/media/2587828/XAUm_Gold_token_matrixdock_binance_wallet.jpg

View original content:https://www.prnewswire.co.uk/news-releases/matrixdock-integrates-xaum-gold-token-with-binance-wallet-to-advance-financial-equality-302340189.html

Blockchain Press Releases

Bybit and SOLV Protocol Team Up for Explosive bbSOL Maxi Rewards

Published

6 hours ago

December 30, 2024

CISION (PR Newswire)

bybit-and-solv-protocol-team-up-for-explosive-bbsol-maxi-rewards

DUBAI, UAE, Dec. 30, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, today announced a thrilling new campaign in collaboration with SOLV Protocol: the bbSOL Maxi Rewards. This exciting event offers users the chance to win a share of 1,300,000 SOLV tokens via airdrop by staking their SOL.

From December 30, 2024, at 10:00 AM UTC to January 20, 2025, at 10:00 AM UTC, users who stake at least 0.5 SOL to obtain bbSOL through their Bybit Web3 Seed Phrase Wallet on the Bybit Web3 Earn platform are eligible to participate in the campaign and win exciting SOLV rewards.

“We’re thrilled to partner with SOLV Protocol for this exciting campaign,” said Emily Bao, Head of Web3 and Spot at Bybit. “The bbSOL Maxi Rewards presents a fantastic opportunity for users to maximize their SOL holdings and earn substantial rewards. We encourage everyone to participate and experience the power of Bybit Web3.”

How to Participate:

Visit the Airdrop Arcade: Head over to the dedicated “bbSOL X SOLV Campaign Page” (Airdrop Arcade).
Connect Your Wallet: Connect your Bybit Web3 Seed Phrase Wallet and complete the required tasks.
Stake Your SOL: Stake a minimum of 0.5 SOL to obtain bbSOL through Bybit Web3 Earn. The more you stake, the higher your potential rewards in the Ultimate Rewards Pool.

The top 100 stakers with the highest SOL stakes will receive their SOLV rewards directly to their Bybit Web3 Seed Phrase Wallet’s ETH address within three weeks of the event’s conclusion.

To participate, users must deposit SOL and obtain bbSOL on the Bybit Web3 Earn platform using their Bybit Web3 Seed Phrase Wallet. Only new SOL deposits made during the event period are eligible for rewards.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-and-solv-protocol-team-up-for-explosive-bbsol-maxi-rewards-302340158.html

Blockchain Press Releases

Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

Published

3 days ago

December 27, 2024

CISION (PR Newswire)

bybit-web3-wallet-integrates-tonstakers:-the-first-of-its-ton-staking-offerings-to-expand-defi-opportunities

DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.

With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.

Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.

Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:

Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.

“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Photo – https://mma.prnewswire.com/media/2588103/Bybit_Web3_Wallet_Integrates_Tonstakers_The_First_Its_TON_Staking.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-web3-wallet-integrates-tonstakers-the-first-of-its-ton-staking-offerings-to-expand-defi-opportunities-302339604.html

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