26.03.2018
paragon AG DE0005558696
DGAP-Adhoc: paragon AG Planning Conversion Into Partnership Limited by Shares (KGaA)
DGAP-Ad-hoc: paragon AG / Key word(s): Miscellaneous
paragon AG Planning Conversion Into Partnership Limited by Shares (KGaA)
26-March-2018 / 13:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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paragon AG Planning Conversion Into Partnership Limited by Shares (KGaA)
Delbrück, Germany, March 26, 2018 - Today, the Management Board and
Supervisory Board of paragon AG (ISIN DE0005558696) unanimously resolved to
propose a change of the company's legal form to a partnership limited by
shares (KGaA) at the company's Annual General Meeting on May 8, 2018.
The conversion of the company into a KGaA is intended to ensure the
continuation of the company's long-term growth strategy and combine the
possibilities of a capital market-oriented company with the advantages of a
family business. The conversion of legal form will probably lead to an
increased willingness of the founder and majority shareholder Mr. Klaus
Dieter Frers to support future capital measures, even if Mr. Klaus Dieter
Frers cannot or does not want to participate in full. At the same time, the
conversion of legal form will ensure that Mr. Klaus Dieter Frers, along with
his entrepreneurial spirit, will remain a long-term investor in the company.
Mr. Klaus Dieter Frers has informed the company that he will support the
proposal and intends to remain a long-term shareholder of the company.
As part of the conversion of legal form, the future paragon GmbH will join
the company as a general partner and will represent the company through its
management. As one of the managing directors of paragon GmbH and through his
stake in paragon GmbH, Mr. Klaus Dieter Frers will continue to have a
significant influence on the company.
The conversion of the legal form of paragon Aktiengesellschaft into a KGaA
does not result in the dissolution of the company or the formation of a new
legal entity. The legal and economic identity of the company will be
preserved.
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation of
an offer to purchase nor an invitation to subscribe to securities. A public
offer of shares in the company or other securities will not take place and
is not planned.
This document contains forward-looking statements. Forward-looking
statements are based on current expectations and involve a number of known
and unknown risks, uncertainties and other factors that could cause actual
results, developments and achievements of the company to differ materially
from those expressed or implied. No undue reliance should be placed on
forward-looking statements. The company will not update or revise these
forward-looking statements based on new information, future events or any
other reason.
Additional information about paragon AG can be found at
www.paragon.ag/en/investors.
Company Profile
paragon AG (ISIN DE0005558696), which is listed in the regulated market
(Prime Standard) of the Frankfurt Stock Exchange, develops, produces and
distributes forward-looking solutions in the field of automotive
electronics, e-mobility and body kinematics. As a market-leading direct
supplier to the automotive industry, the company's portfolio includes the
Electronics operating segment's innovative air-quality management,
state-of-the-art display systems and connectivity solutions, and high-end
acoustic systems. With Voltabox AG (ISIN DE000A2E4LE9), a subsidiary that is
also listed on the regulated market (Prime Standard) of Deutsche Börse AG in
Frankfurt, Germany, the Group is also active in the rapidly growing
Electromobility operating segment with its cutting-edge lithium-ion battery
systems. In the Mechanics operating segment, paragon AG develops and
produces active mobile aerodynamic systems.
In addition to the company headquarters in Delbrück (North Rhine-Westphalia,
Germany), paragon AG and its subsidiaries operate sites in Suhl (Thuringia,
Germany), Nuremberg and Landsberg am Lech (Bavaria, Germany), St. Georgen
(Baden-Württemberg, Germany), Bexbach (Saarland, Germany) and Aachen (North
Rhine-Westphalia, Germany) as well as in Kunshan (China) and Austin, Texas
(USA).
Financial Press & Investor Relations Contact
paragon AG
Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
Email: [email protected]
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26-March-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: paragon AG
Artegastraße 1
33129 Delbrück
Germany
Phone: +49 (0)5250 97 62 - 0
Fax: +49 (0)5250 97 62 - 60
E-mail: [email protected]
Internet: www.paragon.ag
ISIN: DE0005558696, DE000A1TND93, DE000A2GSB86
WKN: 555869, A1TND9, A2GSB8
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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668671 26-March-2018 CET/CEST
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Automobilzulieferer , 555869 , PGN , XETR:PGN