Brief: Paragon says capital increase oversubscribed three-and-a-half times
05/10/2016 16:27
Oct 5 (Reuters) - Paragon AG PGNG.DE :
* Strong interest in new Paragon shares - capital increase
oversubscribed three-and-a-half times
* Company's share capital has thereby been increased by 10%
to 4,526,266 euros ($5.07 million)with partial use of existing
authorized capital
* Gross proceeds of issue of 13.37 million euros for
continuation of growth course
* Placement price of 32.50 euros
* Majority interest remains with founder Klaus Dieter Frers
Source text for Eikon: ID:nEQ7jVS0R
Further company coverage: PGNG.DE
($1 = 0.8922 euros)
(Gdynia Newsroom)
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