• BankM cut its rating on Binect to Hold from Buy, setting a 12-month target price of EUR 1.68.
• Research cited shareholder backing for the planned sale, with 99.97% support for the transaction-related resolutions.
• About 60% of share capital was represented at the July 2026 virtual AGM, reinforcing execution visibility for the deal process.
• First step is expected in October 2026, with tendering of two-thirds of the investor-held shares for up to EUR 2.1.
• BankM expects the overall process to run about two years, flagging a likely delisting during that period to cut costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Binect AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26414) on August 06, 2026, and is solely responsible for the information contained therein.