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paragon GmbH & Co. KGaA: BaFin imposes administrative fine

On 23 August 2022, BaFin imposed an administrative fine amounting to 75,000 euros on paragon GmbH & Co. KGaA.

The sanction related to a breach of section 114 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). paragon GmbH & Co. KGaA failed to publish an announcement, stating the date and the website on which the accounting documents listed in section 114 (2) of the WpHG for the financial year 2020 were made publicly available in addition to their availability in the Company Register (Unternehmensregister) within the prescribed period.

The company may lodge an appeal against the administrative fine order.

Update (15.09.2022):

The administrative fine order is final and binding.

Source: BAFIN

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