05.10.2016
paragon AG DE0005558696
DGAP-News: Strong Interest in New paragon Shares - Capital Increase Oversubscribed Three-and-a-Half Times
DGAP-News: paragon AG / Key word(s): Capital Increase
Strong Interest in New paragon Shares - Capital Increase Oversubscribed
Three-and-a-Half Times
05.10.2016 / 17:27
The issuer is solely responsible for the content of this announcement.
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Strong Interest in New paragon Shares - Capital Increase Oversubscribed
Three-and-a-Half Times
- Placement price of EUR 32.50
- Reduction from previous day's closing price (XETRA) comes to 3.85%
- Gross proceeds of issue of EUR 13.37 million for the continuation of
the growth course
- Majority interest remains with founder Klaus Dieter Frers
Delbrück, Germany, October 5, 2016 - Upon completion of the accelerated
book-building process for the cash capital increase resolved on October 4,
2016, the Management Board of paragon AG (ISIN DE0005558696), with the
approval of the Supervisory Board, has today set the placement price at EUR
32.50 per share.
The company's share capital has thereby been increased by 10% to EUR
4,526,266 with the partial use of the existing authorized capital. The new
shares carry dividend rights as of January 1, 2016. The reduction on the
previous day's closing price on the Frankfurt Stock Exchange (XETRA)
amounts to 3.85%.
"The very high oversubscription within such a short period of time of the
volume that has been offered at a comparatively low reduction is an
impressive reflection of the strong interest in our company's special
growth story on the capital market," says Klaus Dieter Frers, founder and
Chief Executive Officer of paragon AG. "With our new investors, we are
laying a further foundation for the next stage in our company's
development, in which we want to use an improved balance sheet structure to
push ahead more quickly with electromobility."
The offering was oversubscribed three-and-a-half times. A total of 411,478
new shares were placed with qualified investors from Germany, the UK,
France, Spain and Finland, as well as with the Chief Executive Officer,
major shareholder and founder of the company, Klaus Dieter Frers. "Many
investors have seen my willingness to go along with the capital increase as
a strong commitment to the company and to its very good future prospects,"
Frers continued. Taking into account the subscribed shares and a permanent
voting proxy that was granted at the same time for the 30,871 shares held
by his wife, Mr. Frers continues to hold the majority of the voting rights
in paragon AG even after the capital increase.
The capital increase will provide the company with gross proceeds of issue
of EUR 13.37 million. The capital increase was supported by Hauck &
Aufhäuser as sole global coordinator and sole bookrunner.
Disclaimer:
THIS PUBLICATION IS FOR INFORMATIONAL PURPOSES ONLY AND CONSTITUTES NEITHER
AN OFFER TO SELL NOR AN INVITATION TO TREAT NOR AN INVITATION TO SUBSCRIBE
TO SHARES OR OTHER SECURITIES OF PARAGON AG. A PUBLIC OFFERING OF
SECURITIES IS NOT TAKING PLACE AND IS NOT INTENDED.
THIS PUBLICATION AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR
DIRECT OR INDIRECT DISCLOSURE OR PUBLICATION IN THE UNITED STATES OF
AMERICA, CANADA, AUSTRALIA, OR JAPAN. THE PARAGON AG SECURITIES DESCRIBED
HEREIN ARE NOT AND WILL NOT BE REGISTERED PURSUANT TO THE APPLICABLE
VERSION OF THE U.S. SECURITIES ACT OF 1933 ("SECURITIES ACT") OR THE LAWS
OF A U.S. STATE AND MAY ONLY BE SOLD OR OFFERED FOR SALE IN THE UNITED
STATES OF AMERICA ON THE BASIS OF AN EXEMPTION FROM THE REGISTRATION
REQUIREMENT SET OUT IN THE SECURITIES ACT OR THE LAWS OF A U.S. STATE OR IN
THE EVENT OF SUCH REGULATIONS BEING NON-APPLICABLE. THERE WILL BE NO PUBLIC
OFFERING OF SECURITIES IN THE UNITED STATES OF AMERICA.
Further information is available at www.paragon.ag/en/investors. Follow us
on Twitter @paragon_ir
Company Profile
Listed in the regulated market (Prime Standard) of Deutsche Börse AG in
Frankfurt am Main, paragon AG (ISIN DE0005558696) develops, produces, and
sells innovative automotive electronics solutions. The portfolio of this
direct supplier to the automotive industry includes products in the
business segments of Sensors, Acoustics, Cockpit, E-mobility and Body
Kinematics. In addition to its headquarters in Delbrück (North Rhine-
Westphalia), paragon AG and its subsidiaries have locations in Suhl
(Thuringia), Nuremberg (Bavaria), St. Georgen (Baden-Württemberg), and
Bexbach (Saarland), as well as in Kunshan (China) and Austin (Texas, USA).
Financial Press Contact & Investor Relations
paragon AG
Dr. Kai Holtmann
Artegastraße 1
D-33129 Delbrück
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
E-Mail: [email protected]
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05.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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
Schwalbenweg 29
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
WKN: 555869, A1TND9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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509079 05.10.2016
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