Strong Interest in New paragon Shares – Capital Increase Oversubscribed Three-and-a-Half Times
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.
Placement price of € 32.50
Reduction from previous day’s closing price (XETRA) comes to 3.85%
Gross proceeds of issue of € 13.37 million for the continuation of the growth course
Majority interest remains with founder Klaus Dieter Frers