DGAP-PVR: PAION AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution


PAION AG 

21.03.2014 18:33

Dissemination of a Voting Rights Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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On March 19, 2014, Capital Ventures International, Grand Cayman, Cayman
Islands, British West Indies has informed us according to Article 21,
Section 1 of the WpHG that its voting rights in PAION AG, Aachen, Germany,
have fallen below the 5% threshold of the voting rights on March 14, 2014
and on that day amounted to 4.77% (this corresponds to 1,465,058 voting
rights).

On March 19, 2014, CVI Holdings, LLC, Wilmington, Delaware, USA has
informed us according to Article 21, Section 1 of the WpHG that its voting
rights in PAION AG, Aachen, Germany have fallen below the 5% threshold of
the voting rights on March 14, 2014 and on that day amounted to 4.77% (this
corresponds to 1,465,058 voting rights). According to Article 22, Section
1, Sentence 1, No. 1 of the WpHG, 4.77% of the voting rights (this
corresponds to 1,465,058 voting rights) are to be attributed to CVI
Holdings, LLC from Capital Ventures International.

On March 19, 2014, Susquehanna International Holdings, LLC, Wilmington,
Delaware, USA has informed us according to Article 21, Section 1 of the
WpHG that its voting rights in PAION AG, Aachen, Germany have fallen below
the 5% threshold of the voting rights on March 14, 2014 and on that day
amounted to 4.77% (this corresponds to 1,465,058 voting rights). According
to Article 22, Section 1, Sentence 1, No. 1 of the WpHG, 4.77% of the
voting rights (this corresponds to 1,465,058 voting rights) are to be
attributed to Susquehanna International Holdings, LLC from Capital Ventures
International and CVI Holdings, LLC.

On March 19, 2014, SIH Partners, LLLP, Wilmington, Delaware, USA has
informed us according to Article 21, Section 1 of the WpHG that its voting
rights in PAION AG, Aachen, Germany have fallen below the 5% threshold of
the voting rights on March 14, 2014 and on that day amounted to 4.77% (this
corresponds to 1,465,058 voting rights). According to Article 22, Section
1, Sentence 1, No. 1 of the WpHG, 4.77% of the voting rights (this
corresponds to 1,465,058 voting rights) are to be attributed to SIH
Partners, LLLP from Capital Ventures International; CVI Holdings, LLC and
Susquehanna International Holdings, LLC.

On March 19, 2014, Colombos International Holdings, Inc., Wilmington,
Delaware, USA has informed us according to Article 21, Section 1 of the
WpHG that its voting rights in PAION AG, Aachen, Germany have fallen below
the 5% threshold of the voting rights on March 14, 2014 and on that day
amounted to 4.77% (this corresponds to 1,465,058 voting rights). According
to Article 22, Section 1, Sentence 1, No. 1 of the WpHG, 4.77% of the
voting rights (this corresponds to 1,465,058 voting rights) are to be
attributed to Colombos International Holdings, Inc. from Capital Ventures
International; CVI Holdings, LLC; Susquehanna International Holdings, LLC
and SIH Partners, LLLP.

On March 19, 2014, Explorer Partner Corp., Wilmington, Delaware, USA has
informed us according to Article 21, Section 1 of the WpHG that its voting
rights in PAION AG, Aachen, Germany have fallen below the 5% threshold of
the voting rights on March 14, 2014 and on that day amounted to 4.77% (this
corresponds to 1,465,058 voting rights). According to Article 22, Section
1, Sentence 1, No. 1 of the WpHG, 4.77% of the voting rights (this
corresponds to 1,465,058 voting rights) are to be attributed to Explorer
Partner Corp. from Capital Ventures International; CVI Holdings, LLC;
Susquehanna International Holdings, LLC and SIH Partners, LLLP.

On March 19, 2014, Heights Capital Management, Inc., Wilmington, Delaware,
USA has informed us according to Article 21, Section 1 of the WpHG that its
voting rights in PAION AG, Aachen, Germany have fallen below the 5%
threshold of the voting rights on March 14, 2014 and on that day amounted
to 4.77% (this corresponds to 1,465,058 voting rights). According to
Article 22, Section 1, Sentence 1, No. 6 of the WpHG, 4.77% of the voting
rights (this corresponds to 1,465,058 voting rights) are to be attributed
to Heights Capital Management, Inc. from Capital Ventures International.

On March 19, 2014, Mr. Jeffrey Yass, USA has informed us according to
Article 21, Section 1 of the WpHG that his voting rights in PAION AG,
Aachen, Germany have fallen below the 5% threshold of the voting rights on
March 14, 2014 and on that day amounted to 4.77% (this corresponds to
1,465,058 voting rights).

According to Article 22, Section 1, Sentence 1, No. 1 of the WpHG, 4.77% of
the voting rights (this corresponds to 1,465,058 voting rights) are to be
attributed to Mr. Jeffrey Yass from Capital Ventures International; CVI
Holdings, LLC; Susquehanna International Holdings, LLC; SIH Partners, LLLP,
Colombos International Holdings, Inc. and Explorer Partner Corp. According
to Article 22, Section 1, Sentence 1, No. 6 in connection with Article 22,
Section 1, Sentence 2 of the WpHG, 4.77% of the voting rights (this
corresponds to 1,465,058 voting rights) are also to be attributed to Mr.
Jeffrey Yass from Capital Ventures International.



21.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      PAION AG
              Martinstr. 10-12
              52062 Aachen
              Germany
Internet:     www.paion.com
 
End of Announcement                             DGAP News-Service
 
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