paragon AG Seeks 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) to the shareholders at the Annual General Meeting on May 8, 2018. Both boards expect that the change of legal form will strengthen paragon AG’s access to the equity market and ensure the continuation of the current growth strategy.
Change of legal form strengthens paragon AG’s access to the capital market
Founder and majority shareholder Klaus Dieter Frers will remain a long-term shareholder in the company and will continue to support the current growth strategy
Shareholders’ resolution to be adopted at the Annual General Meeting in Delbrück on May 8, 2018