29-09-2023 | Corporate & Ad-hoc news | Financial news | Press releases

paragon founder Klaus Dieter Frers is majority shareholder again

Delbrück, 29 September 2023 - Klaus Dieter Frers, in his capacity as shareholder of paragon GmbH & Co. KGaA [ISIN DE0005558696], declared to the company that he had repurchased a block of 1,355,000 paragon shares. This block of shares, which corresponds to just under 30% of the number of all shares, was in the meantime owned by ElectricBrands AG. Approximately 20% of the shares remained with the paragon founder during this time. Although this situation had no effect on the corporate management of paragon GmbH & Co. KGaA, which remained with the personally liable partner paragon GmbH, the unclear shareholder structure had nevertheless attracted attention on the capital market.

• Klaus Dieter Frers has personally bought back a 30% paragon share package
• Share package had been owned by ElectricBrands AG since 11 November 2022
• The corporate form of a GmbH & Co. KGaA has proven to be a guarantee for stability