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Artefact’s Board of Directors recommends the mandatory cash tender offer made by BidSky, a company controlled by Ardian

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Artefact’s Board of Directors recommends the mandatory cash tender offer made by BidSky, a company controlled by Ardian

Paris, October 12, 2021 – Artefact (FR0000079683 – ALATF – eligible for PEA-PME equity savings plans), an expert in data transformation and data & digital marketing for major brands, announces that its Board of Directors met on October 10, 2021 to issue its opinion on the interests for Artefact of the mandatory simplified cash tender offer filed by BidSky (the “Offeror”), a French simplified joint-stock company controlled by Ardian, for the shares of Artefact (the “Company”) for a price of 7.8 euros per ordinary share (the “Offer”).

The ad hoc committee, composed of a majority of independent members of the Board of Directors qualified as such under the criteria of the Middlenext Code of Corporate Governance and charged with supervising the mission of the independent expert, met on several occasions with the independent expert, the firm Accuracy represented by Mr. Henri Philippe, since its appointment by the Board of Directors on July 25, 2021.

The independent expert has noted that the Offer price represents a premium of 42% over the last closing price prior to the announcement of the entry into exclusive negotiations (July 23, 2021), and of 61% over the volume-weighted average closing price over the last three months preceding this announcement, and that it is also higher than the maximum price recorded over the twelve months preceding this announcement.

The independent expert has concluded that the Offer price is fair from a financial point of view with regards to the Offer stricto sensu, insofar as the price of the Offer is equal to the price paid by the Offeror for the acquisition of the controlling block completed on September 17, 2021, as well as with regards to a possible squeeze-out.

The independent expert notes in particular that the Offer presents a financial interest for the minority shareholders of Artefact who decide to contribute their shares to the Offer in that they will benefit from an immediate liquidity for their shares at a price which fully reflects the embedded value of the Company. Furthermore, the independent expert highlights that any Artefact shareholders who do not wish to contribute their shares to the Offer, thinking that the proposed prime, which could reach up to 25% more than the estimate of the embedded value of the Company, is too low, would then be exposed (except in the event of a squeeze-out), to the risks attached to the future development of the Company’s business, both in terms of business growth and maintaining profit margin levels, as well as the constraints of a controlled company with a limited liquidity of the Artefact share.

The Board of Directors of the Company has taken note of the conclusions of the independent expert and of the intentions expressed by BidSky in its draft information note, notably with regards to the implementation of a squeeze-out, and has thus noted that the Offer constitutes an opportunity for the minority shareholders of Artefact to benefit from an immediate liquidity under conditions considered to be fair by the independent expert.

The Board of Directors concluded that the Offer is in the interests of Artefact, which will be able to benefit from support in the continuation of its development, of its shareholders, who will benefit from an immediate and attractive liquidity opportunity, and of its employees, who will not be affected by a change in policy regarding salary and human resources.

Based namely on the fairness opinion delivered by the independent expert, the Board of Directors, with the unanimous approval of all members having participated in the vote1, issued an opinion in favour of the Offer and recommended that shareholders contribute their shares to the Offer.

The opinion of the Board of Directors is reproduced in full in the draft response note filed on October 12, 2021 with the Autorité des Marchés Financiers (the “AMF”). In accordance with article 231-26 of the AMF’s General Regulation, the main elements of the Company’s draft response note, as well as the procedure for making it available, are set out in a standard press release issued by the Company. The Company’s draft response note is available on the AMF website (www.amf-france.org), as well as on Artefact’s website (www.artefact.com).

The Offer, the draft information note and the draft response note remain subject to the review of the AMF, which will assess their compliance with the applicable French legal and regulatory provisions.

About Artefact

Artefact is a new generation of end-to-end data services company, specialising in data consulting and data & digital marketing, dedicated to transforming data into business impact and tangible results across the entire value chain of organisations.

At the crossroads of consulting, marketing and data science, Artefact’s unique approach allows our clients to reach their business goals in a dedicated and efficient way. Our 800+ employees are focused on accelerating data and digital transformation thanks to a unique mix of company assets: cutting-edge Artificial Intelligence technologies, agile methodologies for fast delivery and efficient scalability, and teams of market-leading experts in data science and data & digital marketing, always working together and focusing on business innovation.

Covering Europe, Asia, North America, LATAM, Middle East and Africa, thanks to our 16 local offices, we partner with Global Tiers 1 brands such as Orange, Samsung, L’Oréal, or Sanofi all over the world.

About Ardian

Ardian is a world-leading private investment house with assets of US$114bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 800 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,100 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Contacts

Artefact
Sophie Huss
VP of Marketing Artefact Group
[email protected]
NewCap
Louis-Victor Delouvrier / Quentin Massé
Investor Relations
Tél. : +33 1 44 71 98 53
[email protected]

1         The directors having declared a potential conflict of interest with regards to the decisions that the Board of Directors could be required to make in relation with the Offer, being Mr. François de la Villardière, Mr. Guillaume de Roquemaurel, Mr. Vincent Luciani and Ardian France S.A., represented by Mrs. Marie Arnaud-Battandier, a director coopted on the proposal of the Offeror, undertook, for any decision concerning the Offer, to vote in accordance with the votes of the two directors of the Company qualified as independent, Mrs. Marguerite de Tavernost and Mr. Olivier Duha (it being specified that Mr. Olivier Duha gave Mrs. Marguerite de Tavernost the power to represent him in this meeting of the Board of Directors).

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Artificial Intelligence

Computime announces the launch of one of the first true Matter thermostats

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HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions. 

Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices. 
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]

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GVG featured on the 2024 Africa RegTech Horizon-100 list

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MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025. 

This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
Photo – https://mma.prnewswire.com/media/2421983/image.jpg
Photo – https://mma.prnewswire.com/media/2421640/Live4Well.jpg
Logo – https://mma.prnewswire.com/media/2421641/4725441/Live4Well.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html

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