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Voltabox Prices IPO At EUR 24.00/shr

Electro mobility pioneer Voltabox AG, in coordination with the parent company paragon AG and the syndicate banks, set the final issue price for its offered shares of at EUR 24.00 per share. At the issue price, the initial public offering of Voltabox AG was 10 times covered. Accordingly, the price has been fixed at the upper end of the range of EUR 20.00 to EUR 24.00 per share.

Overall, 6.325 million shares of Voltabox AG were placed with investors in the context of the IPO. 5.0 million new shares from a capital increase and an additional 0.825 million over-allotment shares from a share loan provided by paragon AG with respect to the greenshoe option granted to the syndicate banks.

The parent company paragon AG sold another 0.5 million shares from its holdings in the course of the offering. Accordingly, the overall placement volume amounted to EUR 151.8 million of which the company generated EUR 139.8 million in gross proceeds. Free float in case of a full exercise of the greenshoe option will amount to about 40%.

Parent company paragon AG intends to remain the majority shareholder of Voltabox for the foreseeable future.

The commencement of trading in the Voltabox AG shares in the regulated market of the Frankfurt Stock Exchange (Prime Standard) under ticker symbol VBX, ISIN DE000A2E4LE9 and the German securities identifier WKN A2E4LE is scheduled for October 13, 2017.

by RTT Staff Writer

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