EQS-Adhoc: PAION AG: Sale of the business operations

22.12.23 16:27 Uhr

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EQS-Ad-hoc: PAION AG / Key word(s): Miscellaneous
PAION AG: Sale of the business operations

22-Dec-2023 / 16:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

PAION AG: Sale of the business operations

Aachen (Germany), 22 December 2023 - The Specialty Pharma Company PAION AG (ISIN DE000A3E5EG5; Frankfurt Stock Exchange, PA8) announces that PAION AG and its German subsidiary, PAION Deutschland GmbH, with the approval of the preliminary insolvency administrator of PAION AG and PAION Deutschland GmbH, attorney Dr. Mark Boddenberg, today concluded negotiations with the HumanWell Healthcare Group and entered into an agreement on the sale of the essential business operations of PAION AG and PAION Deutschland GmbH. The proceeds from the sale will go to the insolvency estates of the two companies. PAION AG and PAION GmbH will be wound up as part of the insolvency proceedings; shareholders of PAION AG are not expected to receive any payments.

End of Inside Information

Information and Explanation of the Issuer to this announcement:

PAION contact:

Ralf Penner

SVP Investor Relations & Corporate Communications

PAION AG

Heussstrasse 25

52078 Aachen – Germany

Phone +49 241 4453-152

E-mail r.penner@paion.com

www.paion.com

22-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:	English
Company:	PAION AG
	Heussstraße 25
	52078 Aachen
	Germany
Phone:	+49 (0)241-4453-0
Fax:	+49 (0)241-4453-100
E-mail:	info@paion.com
Internet:	www.paion.com
ISIN:	DE000A3E5EG5
WKN:	A3E5EG
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID:	1803457