paragon founder bundles shares in family holding

EQS-News: paragon GmbH & Co. KGaA / Key word(s): Miscellaneous
paragon founder bundles shares in family holding

26.01.2024 / 15:24 CET/CEST
The issuer is solely responsible for the content of this announcement.

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paragon founder bundles shares in family holding

  * Klaus Dieter Frers has transferred his 49.3% share package in paragon
    GmbH & Co. KGaA to Frers Family Office GmbH

* Wife Brigitte Frers has also contributed her paragon shares

  * Frers Family Office GmbH is now the largest shareholder of paragon GmbH
    & Co. KGaA

* BaFin has exempted Frers Family Office GmbH from the mandatory offer

Delbrück, January 26, 2024 - The founder of paragon GmbH & Co. KGaA (ISIN
DE0005558696), Klaus Dieter Frers, has informed the company that both he and
his wife have transferred all paragon shares they own to Frers Family Office
GmbH. With a stake of 50%+1 share, this company is now the largest
shareholder of paragon GmbH & Co. KGaA.

According to Klaus Dieter Frers, Managing Director of the general partner of
paragon GmbH & Co. KGaA, paragon GmbH, the bundling had been planned for
some time, but could only be implemented after the repurchase of a block of
shares last year. Mr. Klaus Dieter Frers holds approximately 98.6% of the
shares in Frers Family Office GmbH, which is based in Delbrück. The
remaining shares are held by his wife Brigitte. Klaus Dieter Frers is also
Managing Director of the company, which functions as a family holding
company.

"Basically, this step does not change the shareholder structure. This also
ensures continuity for paragon," explained Klaus Dieter Frers in response to
questions from the capital market.

The Federal Financial Supervisory Authority (BaFin) has approved the
application for voting rights not to be taken into account in accordance
with Section 36 No. 3 WpÜG. Frers Family Office GmbH is therefore exempt
from making a mandatory offer.

About paragon GmbH & Co. KGaA

Listed on the Regulated Market (Prime Standard) of Deutsche Börse AG in
Frankfurt a.M., paragon GmbH & Co. KGaA (ISIN DE0005558696) develops,
produces and distributes pioneering solutions in the fields of automotive
electronics, body kinematics and electromobility. The portfolio of the
market-leading direct supplier to the automotive industry includes
innovative air quality management, modern display systems and connectivity
solutions, as well as high-end acoustic systems in the electronics segment.
In the mechanics segment, paragon develops and produces active mobile
aerodynamic systems. In the fast-growing automotive market for battery
systems, paragon's Power business unit supplies battery management systems
and traction batteries.

In addition to its headquarters in Delbrück (North Rhine-Westphalia),
paragon GmbH & Co. KGaA and its subsidiaries have sites in Suhl (Thuringia),
Landsberg am Lech and Nuremberg (Bavaria), St. Georgen (Baden-Württemberg)
and Limbach (Saarland) as well as in Kunshan (China), Dover (USA), Bengaluru
(India) and Oroslavje (Croatia).

For more information on paragon, visit www.paragon.ag.

Capital Market & Press Contact

paragon GmbH & Co. KGaA

Dr. Martin Esser

Bösendamm 11

33129 Delbrück, Germany

Phone: +49 (0) 52 50 - 97 62-200

Fax: +49 (0) 52 50 - 97 62-102

Email: investor@paragon.ag


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26.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        paragon GmbH & Co. KGaA
                   Bösendamm 11
                   33129 Delbrück
                   Germany
   Phone:          +49 (0)5250 9762 - 0
   Fax:            +49 (0)5250 9762 - 102
   E-mail:         investor@paragon.ag
   Internet:       www.paragon.ag
   ISIN:           DE0005558696, DE000A2GSB86,
   WKN:            555869, A2GSB8,
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1824257

End of News EQS News Service
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1824257 26.01.2024 CET/CEST