DGAP-Ad-hoc: paragon AG: Electro Mobility Subsidiary Voltabox AG Plans to Go Public in Autumn 2017
paragon AG / Key word(s): Miscellaneous
paragon AG: Electro Mobility Subsidiary Voltabox AG Plans to Go Public in Autumn 2017
Delbrück, September 11, 2017 - Today paragon AG's (ISIN DE0005558696) Management Board approved a plan to take Voltabox AG ("Voltabox"), its wholly-owned subsidiary, public. Voltabox seeks to list on the Prime Standard of the Frankfurt Stock Exchange as early as autumn 2017.
The proceeds from the planned IPO are to support the continued systematic development of Voltabox's products, the expansion of its production capacities and the repayment of a shareholder loan to paragon AG. Most importantly, the proceeds from the planned IPO are also expected to give Voltabox greater flexibility for additional external growth through value-add acquisitions. Voltabox plans to issue 5 million new shares plus a greenshoe option of 0.825 million shares from a capital increase. Additionally, another 0.5 million shares currently owned by paragon AG are to be placed. paragon AG will remain the company's majority shareholder, a role it does not intend to relinquish in the foreseeable future. The expected post-IPO free float will be approximately 40%.
Bankhaus Lampe KG will be the sole global coordinator for the IPO and acts as joint bookrunner alongside Hauck & Aufhäuser Privatbankiers AG.
This publication does not constitute an offer to sell neither a solicitation of an offer to buy nor subscribe for any securities. No offer of securities of Voltabox AG is being, or will be, made to the public outside Germany and Luxembourg. A prospective offer in Germany and Luxembourg would be made exclusively by means of a securities prospectus to be published and filed with the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Such securities prospectus will be available at Voltabox's headquarters free of charge at a date still to be determined.
The offering will consist of a public offering in Germany and Luxembourg as well as private placements in certain other jurisdictions outside of Germany and Luxembourg including in the United States of America ("U.S.") under Regulation S of the Securities Act from 1933, as amended, (the "Securities Act") as well as to qualified institutional buyers in the U.S. under Rule 144A of the Securities Act.
Statements contained herein may constitute "forward-looking statements." Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate," "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. There should not be any undue reliance placed on forward-looking statements. Moreover, the Group will not update or revise any published forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.
More information on paragon AG is available at www.paragon.ag/en/investors.
More information on Voltabox AG is available at www.voltabox.ag
In addition to the company headquarters in Delbrück (North Rhine-Westphalia, Germany), paragon AG and its subsidiaries operate sites in Suhl (Thuringia, Germany), Nuremberg (Bavaria, Germany), St. Georgen (Baden-Württemberg, Germany), Bexbach (Saarland, Germany) and Aachen (North Rhine-Westphalia, Germany) as well as in Kunshan (China) and Austin, Texas (USA).
|Phone:||+49 (0)5250 97 62 - 0|
|Fax:||+49 (0)5250 97 62 - 60|
|ISIN:||DE0005558696, DE000A1TND93, DE000A2GSB86|
|WKN:||555869, A1TND9, A2GSB8|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|