EQS-News: paragon comments on current jumps in the share price

paragon comments on current jumps in the share price

• Conspicuous price increase of more than 100% within one day
• Chat history on social media proves collusion to manipulate the market in the opinion of the management
• BaFin is informed

Delbrück, March 20, 2025 - paragon GmbH & Co. KGaA [ISIN DE0005558696] has noticed conspicuous movements in its share price today. On March 19, 2025, the share price temporarily rose by more than 100% compared to the previous day's closing price, only to lose 20% again. According to the management, a search of online chats in social media documents that there was collusion between individual market participants to illegally manipulate the share price.

The aim of such a "pump and dump" action, as those responsible for it call it, is to artificially generate a very high price increase. As soon as other shareholders are encouraged to invest in the share, the initiators make a massive profit from a bet on falling prices, as the shares they have purchased are suddenly thrown onto the market.

As you can see from the chat, other shares are also affected.

paragon expressly emphasizes that no events within the company can be responsible for the abrupt rise in the share price and has therefore informed the German Federal Financial Supervisory Authority (BaFin) the incidents as a precautionary measure and sent it the suspicious chat histories.

With this publication, paragon wishes to inform its shareholders and protect them from losses caused by such machinations.

About paragon GmbH & Co. KGaA

paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed on the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, develops, produces and sells pioneering solutions in the fields of automotive electronics, body kinematics and electromobility. The portfolio of the market-leading direct supplier to the automotive industry includes innovative air quality management, modern display systems and high-end acoustic systems in the Electronics segment. In the Mechanics segment, paragon develops and produces active mobile aerodynamic systems. In the rapidly growing automotive market for battery systems, paragon's Power division supplies battery management systems and traction batteries.

In addition to the company headquarters in Delbrück (North Rhine-Westphalia), paragon GmbH & Co. KGaA and its subsidiaries have locations in Suhl (Thuringia), Landsberg am Lech and Nuremberg (Bavaria), St. Georgen (Baden-Württemberg), Limbach (Saarland) as well as in Kunshan (China), Detroit (USA), Bengaluru (India) and Oroslavje (Croatia).

You can find more information about paragon at www.paragon.ag.

Contact capital market

paragon GmbH & Co. KGaA

Klaus Dieter Frers

Bösendamm 11

D-33129 Delbrück

Phone: +49 (0) 52 50 - 97 62-100

Fax: +49 (0) 52 50 - 97 62-102

E-Mail: investor@paragon.ag

Press contact

Brigitte Frers

Bösendamm 11

D-33129 Delbrück

Phone: +49 (0) 52 50 - 97 62-142

Fax: +49 (0) 52 50 - 97 62-102

E-Mail: info@paragon.ag