EQS-Adhoc
paragon GmbH & Co. KGaA resolves bond buyback programme for up to nominal EUR 20,211,000.00 of its 6.75% bond 2017/2027
- paragon GmbH & Co. KGaA launches bond buyback programme.
- Programme aims to repurchase up to EUR 20,211,000.00 of its 6.75% bond 2017/2027.
- Repurchase will be carried out by an independent securities service provider.
EQS-Ad-hoc: paragon GmbH & Co. KGaA / Key word(s): Bond paragon GmbH & Co. KGaA resolves bond buyback programme for up to nominal EUR 20,211,000.00 of its 6.75% bond 2017/2027 |
Delbrück | October 26, 2023 - The management of paragon GmbH & Co. KGaA (the "Company") (German Securities Code (WKN): 555869; ISIN: DE0005558696), has resolved today, with regard to its obligations under the terms and conditions of the Bonds for the partial redemption of the Bonds, to launch a bond redemption programme (the "Redemption Programme") in relation to its EUR 50. 000,000.00 6.76% Notes 2017/2027 (ISIN: DE000A2GSB86; WKN: A2GSB8) (the "Notes") to repurchase Notes in an aggregate principal amount of up to EUR 20,211,000.00.
The repurchase under the Repurchase Programme will be effected via the regional stock exchanges in Frankfurt a.M., Stuttgart and via Tradegate Exchange by accepting purchase offers submitted on the respective stock exchanges. The Issuer is not obliged, but only entitled, to accept purchase offers.
The repurchase programme will start on 6 November 2023 and will run until 5 July 2025 at the latest. The Issuer reserves the right to shorten or extend the period; it will inform about this in due course.
The repurchase will be carried out by an independent securities service provider. The appointed securities service provider is obliged to comply with the safe harbour provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, as applicable to Notes, with respect to the purchase price and purchase volume.