04-10-2016 | Corporate & Ad-hoc news

paragon AG Increases Share Capital to Accelerate Company Growth

With the approval of the Supervisory Board, the Management Board of paragon AG (ISIN DE0005558696) has today resolved to increase the company’s share capital by up to 10 percent in exchange for a cash contribution in order to further accelerate company growth, particularly in the Electromobility division.


 

  • Capital increase approved from authorized capital

  • Share capital to be increased by up to 10%

  • Private placement by means of accelerated book-building process

  • Founder Klaus Dieter Frers to retain majority interest

download article(pdf document)