Month: September 2026

Quadient announces intention to sell Lockers business
As a first step, sale of UK open network signed for €65 million

Paris, 23 September 2026

• Completion of strategic review results in intention to sell the Lockers business and step up its Digital strategy
• Successful divestment of Quadient’s UK open network: sale agreement concluded for an amount of €65 million with completion expected before the FY 2026 year-end, bringing Quadient’s FY 2026 guided leverage ratio¹ (excluding leasing) from around 1.5x to around 1.2x²
• Sale process launched for the remaining Lockers business³, expected to bring additional proceeds, with overall sale of Lockers reducing capital expenditure by c.€120 million over next five years

Quadient S.A. (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announces that its Board of Directors has unanimously approved the completion of the strategic review of Quadient’s Lockers business, announced on 20 July 2026. Following a thorough assessment of the options available, the Board concluded that a divestment of the Lockers business will maximize value for shareholders and allow the Company to accelerate execution of its Digital strategy. As a first step, Quadient has signed a sale agreement for the UK open network.

Supported by strong market drivers, including the shift to mandatory e-invoicing across Europe, Digital is expected to become Quadient’s largest and most profitable Solution by 2030. This pivot was signaled at the start of FY 2026 when Quadient announced it was expanding Digital leadership within the Executive Committee and placing the Digital business under the direct leadership of the Chief Executive Officer. Having built the Lockers Solution into a scaled, growing and profitable business, Quadient is now intending to crystallize its value.

Geoffrey Godet, Chief Executive Officer of Quadient, commented: “The completion of the strategic review of our Lockers business, leading to our intention to sell the Lockers Solution, is a significant milestone for Quadient. The first part of its execution, with the successful sale of the UK network, demonstrates the high value created by our teams. We will now apply the same disciplined, value-focused approach to the sale process we have launched for the rest of the Lockers business, while continuing to operate as usual and support our customers. Looking ahead, Quadient is focused on capturing the growth opportunity created by the needs of businesses for highly automated, AI-driven digital solutions, and by the transition to mandatory e-invoicing in Europe.”

Sale of the UK open network

Quadient has entered into an agreement to sell its UK open network, comprising an installed base of c.3,000 lockers, to IDS Holdco Limited for an enterprise value of €65 million. The agreement follows a competitive process run with the Company’s advisors as part of a broader strategic review of its global Lockers business. Having considered the offers received, the Board of Directors concluded that IDS Holdco Limited’s offer delivered the best value for the UK open network and was in the corporate interest of Quadient and its stakeholders, and therefore unanimously approved it on 22 September 2026.

The UK open network is a business Quadient built and successfully scaled from the ground up in just four years. For IDS Holdco Limited, the business represents a natural strategic fit, providing direct access to an established installed base in a wide-range of high-footfall sites, strong carrier partnerships, a growing customer and host pipeline, and the successful team behind it. It will work at continuing this successful journey and create synergies with its existing network.

The transaction is expected to close by the end of FY 2026.

Quadient was advised on the financial aspects of the transaction by Société Générale, on UK legal matters by Addleshaw Goddard, and on French corporate and governance matters by Darrois Villey Maillot Brochier.

Remaining Lockers business

As a result of the strategic review of the Lockers business, Quadient has launched a sale process for the remaining Lockers operations. This scope includes the Japanese and North American installed base, representing Quadient’s largest and most profitable lockers networks, which hold the leading position in their respective markets. They continue to operate as usual, and Quadient remains fully committed to its customers, partners and performance. The Company will provide updates in due course.

Quadient’s smaller European private locker network will be retained and managed by the Mail business.

Financial impact and use of proceeds

Started in 2018 as a small scale-up with around 2,000 lockers and €6 million of revenue, the global Lockers business generated €114 million in revenue in FY 2025, delivering reported growth of 22.4% compared with 2024, with an EBITDA margin of 5.0% after reaching breakeven in FY 2024. It represented an installed base of 27,700 lockers worldwide as at end-January 2026.

The sale of the UK network, for €65 million, is expected to reduce Quadient’s guided FY 2026 leverage (excluding leasing) from around 1.5x to around 1.2x, assuming completion before the FY 2026 year-end.

The divestment of the Lockers business, once completed, is also expected to remove approximately €120 million of Lockers capital expenditure over the next five years, which can be redeployed to the Company’s growth priorities.

Together with the additional proceeds from the sale of the remaining Lockers business, this provides Quadient with strategic and financial flexibility. Capital allocation policy will be reviewed once the divestment of the remaining Lockers business has been completed to assess the best use of the proceeds balancing deleveraging, investment in the Company’s growth priorities and potential returns to shareholders.

Reflecting the intention to sell the business, and the Company’s expectation to complete the sale of its remaining Lockers operations within 12 months of the period ended 31 July 2026, Quadient has reclassified its Lockers business as an asset held for sale and presented it as a discontinued operation in accordance with IFRS 5 in its first-half 2026 consolidated financial statements. The European private network, representing around €7 million in revenue in FY 2025, will be retained and has been reclassified within the Mail segment as from first-half 2026.

For the sake of comparability, prior-year figures have been restated accordingly. For first-half 2025, the restatement resulting from the application of IFRS 5 to the Lockers business has an accretive impact on Quadient’s overall margins, lifting EBITDA margin by 1.3 percentage points and current EBIT margin by 2.3 percentage points.

Quadient’s first-half 2026 results and restated full-year guidance are provided in the Company’s first-half 2026 results press release, issued separately today.

About Quadient®

Quadient designs and builds human-centered, AI-driven automation solutions for business communications. Our software empowers hundreds of thousands of customers to create, deliver and manage world-class communications with speed and ease. From financial automation and customer communications to mail and parcel management, Quadient reduces friction and waste so customers can focus on growth and customer connections. Quadient is listed on Euronext Paris (QDT) and part of the CAC® Mid & Small and CAC Technology indices. Make room for the remarkable at quadient.com.

Contacts

Laura Paxton, Quadient +33 (0)6 07 30 33 86 l.paxton@quadient.com financial-communication@quadient.com

OPRG Financial Fabrice Baron +33 (0)6 14 08 29 81 fabrice.baron@omc.com

SAFE HARBOR

This press release contains forward-looking statements, estimates, opinions and projections with respect to anticipated future performance of Quadient SA (the “Company”). These forward-looking statements can be identified by the use of forward-looking terminology, including notably the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include statements that may relate to the Company’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical facts.

Forward-looking statements are based on the current views, expectations and assumptions regarding the business, the economy and other future conditions of the Company and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Any forward-looking statements made in this press release are statements about the Company’s beliefs and expectations and should be evaluated as such. Although the Company believes that these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, including matters not yet known to it or its management or not currently considered material, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. These risks and uncertainties are linked to factors beyond the Company’s control and not precisely estimated, such as market conditions or competitor behavior. More detailed information on the potential risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements can be found in the 2025 Universal Registration Document filed with the Autorité des marchés financiers (AMF) on 7 May 2026 under the registration number D.26-0347, including notably those listed in the “Risk Factors” section. Investors and Quadient shareholders should note that if some or all of these risks are realized, they may have a significant unfavorable impact on the Company.

Any forward-looking statements included herein only speak as at the date of this press release. The Company does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law. The Company accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

This press release does not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of ordinary shares of the Company in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

---

¹ Net debt/EBITDA, including IFRS 16.
² Assuming completion by the end of FY 2026.
³ Excluding the European private network, which will be retained and managed by the Mail business.

Attachment

• 2026 – Strategic review update_final_VUK

(In accordance with article 5 of Regulation (EU) No 596/2014 on Market Abuse Regulation and article 3(3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buyback programmes and stabilisation measures)

As announced on Thursday 30 July 2026, Ayvens started on Friday 31 July 2026, an ordinary share buyback programme for a maximum amount of EUR 450 million for the purpose of shares cancellation.

Ayvens received all necessary authorisations from supervisory authorities. The share buyback programme will be carried out in accordance with the provisions set out in the EU Regulation n°596/2014 of the European Parliament and of the Council of April 16th 2014, on market abuse, as modified, and its implementing provisions, and within the limits of the authorization granted to Ayvens to purchase shares and cancel such shares pursuant to the 19th and 20th resolutions of the combined General Shareholders’ Meeting held on 13 May 2026. The share buyback is performed on the trading platforms on which Ayvens shares are listed for trading or are traded, including the regulated market of Euronext Paris. The liquidity contract concluded with BNP Paribas Exane has been suspended throughout the buyback period.

Purchases performed from 14 September to 18 September 2026 are described below. As of 18 September 2026, Ayvens has completed 22.55% of its share buyback programme, representing 1.16%¹ of its share capital.

Issuer name: Ayvens SA – LEI 969500E7V019H9NP7427

Reference of the financial instrument: ISIN FR0013258662

Period: from 14 September to 18 September 2026

Purchases performed by Ayvens SA during the period

Issuer’s name	Issuer’s identifying code	Transaction date	Identifying code of financial instrument	Total daily volume (in number of shares)	Daily weighted average purchase price of shares	Market (MIC code)
AYVENS SA	969500E7V019H9NP7427	14-Sep-26	FR0013258662	176,386	10.7143	XPAR
AYVENS SA	969500E7V019H9NP7427	14-Sep-26	FR0013258662	110,450	10.7355	CEUX
AYVENS SA	969500E7V019H9NP7427	14-Sep-26	FR0013258662	23,200	10.7407	TQEX
AYVENS SA	969500E7V019H9NP7427	14-Sep-26	FR0013258662	39,150	10.7376	AQEU
AYVENS SA	969500E7V019H9NP7427	15-Sep-26	FR0013258662	211,504	10.5575	XPAR
AYVENS SA	969500E7V019H9NP7427	15-Sep-26	FR0013258662	114,000	10.5603	CEUX
AYVENS SA	969500E7V019H9NP7427	15-Sep-26	FR0013258662	23,300	10.5653	TQEX
AYVENS SA	969500E7V019H9NP7427	15-Sep-26	FR0013258662	40,500	10.5582	AQEU
AYVENS SA	969500E7V019H9NP7427	16-Sep-26	FR0013258662	220,950	10.5914	XPAR
AYVENS SA	969500E7V019H9NP7427	16-Sep-26	FR0013258662	88,014	10.5544	CEUX
AYVENS SA	969500E7V019H9NP7427	16-Sep-26	FR0013258662	23,950	10.5565	TQEX
AYVENS SA	969500E7V019H9NP7427	16-Sep-26	FR0013258662	37,068	10.5570	AQEU
AYVENS SA	969500E7V019H9NP7427	17-Sep-26	FR0013258662	170,531	10.6349	XPAR
AYVENS SA	969500E7V019H9NP7427	17-Sep-26	FR0013258662	116,000	10.6376	CEUX
AYVENS SA	969500E7V019H9NP7427	17-Sep-26	FR0013258662	24,600	10.6310	TQEX
AYVENS SA	969500E7V019H9NP7427	17-Sep-26	FR0013258662	42,000	10.6490	AQEU
AYVENS SA	969500E7V019H9NP7427	18-Sep-26	FR0013258662	232,500	10.4875	XPAR
AYVENS SA	969500E7V019H9NP7427	18-Sep-26	FR0013258662	115,750	10.4743	CEUX
AYVENS SA	969500E7V019H9NP7427	18-Sep-26	FR0013258662	24,300	10.5203	TQEX
AYVENS SA	969500E7V019H9NP7427	18-Sep-26	FR0013258662	42,350	10.5001	AQEU
			TOTAL	1,876,503	10.5923

Aggregated presentation by day and market

About Ayvens
Ayvens is a leading global sustainable mobility player committed to making life flow better. We’ve been improving mobility for decades, providing full-service leasing, flexible subscription services, fleet management and multi-mobility solutions to large international corporates, SMEs, professionals and private individuals.		With more than 13,000 employees across 40 countries, Ayvens manages 3.1 million vehicles and the world’s largest multi-brand EV fleet. The company is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: AYV). Societe Generale Group is Ayvens’ majority shareholder. Find out more at ayvens.com

Press contact
Elise Boorée Communications Department Tel: +33 (0)6 25 01 24 16 elise.booree@ayvens.com

---

¹ Ratio between the number of shares repurchased and the 783,862,091 shares comprising the current share capital.

Attachment

• Report-on-share-buyback- 14 September to 18 September 2026

Volta Finance Limited (VTA / VTAS)
August 2026 monthly report

NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

Guernsey, 23^rd September 2026

BNPP AM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for August 2026. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

Performance and Portfolio Activity

Dear Investors,

Volta Finance posted a net return of +0.5% for the month of August 2026. For comparison, both US and Euro High Yield markets were up over the same period, respectively +0.99% & +0.32% ****, while the Morningstar Leveraged Loan indices returned +0.9%*** in the US and +0.6%**** in Europe.

The macroeconomic environment in August was characterized by resilient growth, persistent inflation uncertainty, and increasing investor focus on fiscal sustainability. The Federal Reserve maintained a cautious and data-dependent stance, while inflation remained above target and energy prices continued to influence market expectations. At the same time, concerns over government debt dynamics and rising term premia pushed long-dated sovereign yields higher, particularly in the United States, where fiscal sustainability became an increasingly important market theme.

Geopolitical developments have remained a key driver of market sentiment. Escalating tensions in the Middle East and uncertainty surrounding the Strait of Hormuz supported a sharp rise in oil prices, with Brent crude approaching USD 94/bbl during the month. These developments temporarily weighed on risk assets and reinforced inflation concerns. However, strong corporate earnings, particularly from AI-related companies, continued to support equity markets and kept investor sentiment broadly constructive despite higher volatility.

Within credit markets, leveraged loans continued to outperform traditional fixed income assets, benefiting from strong investor demand and their floating-rate profile. Investment Grade credit remained under pressure as higher sovereign yields weighed on total returns, while High Yield proved more resilient. CLO primary market activity remained healthy, although issuance slowed modestly during the summer period. Spreads were broadly stable across the capital structure, supported by solid demand and limited supply, while CLO equity tranches continued to face pressure from elevated liability costs and tighter underlying loan spreads.

Portfolio activity was relatively muted during the month. We purchased two European single-B rated CLO tranches at discount margins of around 1,000 bps. Volta is also a minority equity investor in two CLOs that were reset during the period. We elected to contribute our pro rata share of the additional equity in one of the two transactions only, given the relatively low target return profile of the other transaction.

From a positioning perspective, we remained cautious given the current macroeconomic uncertainty. Our allocation continues to be skewed towards CLO mezzanine tranches, particularly European single-B rated securities, and we would only consider investing in CLO equity on an opportunistic basis. At the end of August 2026, the Fund held approximately EUR c.40 million in cash and cash equivalents, available for deployment should attractive investment opportunities arise during periods of market volatility.

Looking at the performance breakdown, Volta’s CLO Equity tranches returned +0.7%** while CLO Debt tranches returned +0.9% performance**. The fund generated c. EUR 17.5 million in interest proceeds over the last six months, representing around 14% of the latest NAV on an annualised basis.

As of end of August 2026, Volta’s NAV* was EUR 244.6mm, i.e. EUR 6.69 per share.

*It should be noted that approximately 0.10% of Volta’s NAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The equivalent % proportions of Volta’s NAV as of 31 July 2026 and 30 June 2026 were 0.08% and 0.02%, respectively.

** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

*** These figures are presented in USD. Source: BNPP AM – Bloomberg – Morningstar – August 31^st, 2026

**** These figures are presented in EUR. Source: BNPP AM – Bloomberg – Morningstar – August 31^st, 2026

CONTACTS

Investment Manager
BNP Paribas Asset Management Europe
Olivier Pons
Olivier.pons@axa-im.com
+33 (0) 1 44 45 87 30
Matthieu Laurence
Matthieu.laurence@axa-im.com
+33 (0) 1 44 45 88 82        

Company Secretary and Administrator
BNP Paribas S.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com 
+44 (0) 1481 750 850

Corporate Broker
Cavendish Securities plc
Andrew Worne
Daniel Balabanoff
+44 (0) 20 7397 8900

*****
ABOUT VOLTA FINANCE LIMITED

Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed BNP Paribas Asset Management Europe an investment management company with a division specialised in structured credit, for the investment management of all its assets.

*****

This press release is published by BNP Paribas Asset Management Europe (“BNPP AM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by BNPP AM.

This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

*****

This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

*****
This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. BNPP AM does not undertake any obligation to publicly update or revise forward-looking statements.

Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by BNPP AM. The historical success or BNPP AM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

The valuation of financial assets can vary significantly from the prices that the BNPP AM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

Editor: BNP PARIBAS ASSET MANAGEMENT Europe, a company incorporated under the laws of France, having its registered office located at 1 boulevard Haussmann – 75009 Paris, registered with the Paris Trade and Companies Register under number 319 378 832, and a Portfolio Management Company, holder of AMF approval no. GP 96002, issued on 19 April 1996.

*****

Attachment

• Volta – Monthly report- August 2026

Luxembourg – 23 September 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo Børs rules, today announces the details of awards under its 2022 Long-Term Incentive Plan (the “Plan”) approved by the Board on 23 September 2026.

The Company will make awards of 826,231 performance shares, subject to the Plan’s performance conditions, on 23 September 2026.

The following Primary Insiders were awarded performance shares under the Plan and subsequently hold the following shares and options:

Name	Position	Performance Shares Awarded	Total Performance Shares(¹)	Total Owned Shares	Total Options
Stuart Fitzgerald	Chief Executive Officer	25,600	146,483	48,561	Nil
Mark Foley	Chief Financial Officer	24,350	160,277	11,704	Nil
Lloyd Duthie	Chief Executive Officer – Seaway7	16,400	86,538	Nil	Nil
Nathalie Louys	General Counsel	17,500	123,324	35,012	Nil
Katherine Lyne	EVP – Human Resources	15,150	114,736	23,740	Nil
Aoibheann Rogers	Chief Commercial Officer	16,400	71,233	Nil	Nil
Phillip Simons	Chief Operating Officer	18,500	139,383	20,971	Nil
Marcelo Lopes Xavier	EVP – Strategy & Sustainability	17,300	114,482	10,972	Nil

¹Total performance shares held include the awards made in 2026 and represent the maximum award due to vest assuming all performance conditions are met.

This message is submitted on behalf of Subsea 7 S.A., as well as the named Primary Insiders.

*********************************************************************************
Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
*********************************************************************************

Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 (0)20 8210 5568
ir@subsea7.com

Attachment

• SUBC 2026 LTIP