paragon AG: E-Mobility Pioneer Voltabox AG Announces Price Range for Planned IPO

paragon AG: E-Mobility Pioneer Voltabox AG Announces Price Range for Planned IPO

Delbrück, September 25, 2017 -paragon AG's Management Board (ISIN DE0005558696) approved the price range for the planned IPO of its wholly-owned subsidiary, Voltabox AG.

Voltabox AG has set a price range of between EUR 20.00 and EUR 24.00 per share. The offer is to contain mainly five million new shares plus a greenshoe option of 0.825 million additional new shares from a capital increase of Voltabox AG. Existing shareholder paragon AG will also sell an additional 0.5 million shares in the offer. Based on the assumption that all offered shares will be fully placed, the placement volume is expected to range between EUR 126.5 million and EUR 151.8 million of which Voltabox AG would generate between EUR 116.5 million and EUR 139.8 million in gross proceeds. paragon AG would generate between EUR 10.0 million and EUR 12.0 million in gross proceeds from the placement of 0.5 million shares. The expected post-IPO free float will be approximately 40%. paragon AG intends to remain the majority shareholder of Voltabox for the foreseeable future.

Subject to the prospectus' approval by the German Federal Financial Supervisory Authority ("BaFin"), which is expected over the course of today, the period during which institutional investors can subscribe to the offered shares is to commence on September 26, 2017 and end on October 10, 2017 at 2:00 (pm) Continental European Summer Time. The period during which retail investors can subscribe to the offered shares via the subscription functionality of the Frankfurt Stock Exchange is to commence on September 27, 2017 and end on October 10, 2017 at 12:00 noon Continental European Summer Time.

Trading in the Prime Standard segment is expected to start on October 13, 2017. Details on the offer will be contained in the prospectus that Voltabox AG submitted for approval to the BaFin and will be subsequently published.

Bankhaus Lampe KG will be the sole global coordinator in the IPO and acts as joint bookrunner alongside Hauck & Aufhäuser Privatbankiers AG.

Disclaimer

This publication does not constitute an offer to sell nor a solicitation of an offer to buy or subscribe for any securities. No offer of securities of the 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 BaFin. Upon the approval by BaFin, such securities prospectus will be made available free of charge at Voltabox AG, Artegastraße 1, 33129 Delbrück and at www.voltabox.ag.

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 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.A. 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. You should not place undue reliance on forward-looking statements and the group does not undertake publicly to update or revise any 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

Company Profile

paragon AG (ISIN DE0005558696), which is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes products and systems in the field of automotive electronics, e-mobility and body kinematics. As a direct supplier to the automotive industry, the company's portfolio includes the Electronics operating segment's innovative air-quality management, state-of-the-art display systems and connectivity solutions, and high-end acoustic systems. With the Voltabox subsidiaries, the Group is also active in the rapidly growing Electromobility operating segment with its own lithium-ion battery systems developed in-house. In the Mechanics operating segment, paragon develops, produces and distributes adjustable body components such as adaptively extendable spoilers. paragon AG and its predecessors look back on almost 30 years of company history.
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).

Financial Press & Investor Relations Contact

paragon AG

Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
Email: kai.holtmann@paragon.ag