05-10-2016 | Corporate & Ad-hoc news

paragon AG Successfully Concludes Capital Increase:Placement of 411,478 New Shares at EUR 32.50 Each

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 discount to the closing price of the previous day at the Frankfurt stock exchange (XETRA) is 3.85 percent. The offering was oversubscribed three and a half times. In total, 411.478 new shares were placed with qualified investors and with the majority shareholder and founder of the company, Klaus Dieter Frers, who sits on the Management Board.

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