Code macro not rendering properly inside panel macro

Issue Summary

Code macro is not properly rending information on page view mode when inserted within a panel macro.

Steps to Reproduce

1. Create a page with panel macro (old version)
2. Add code macro inside the panel macro
3. Publish the page

E.g.:

Expected Results

The view page mode should display the code with same formatting as they have on edit mode.

Actual Results

The formatting is lost:

Workaround

Currently there is no known workaround for this behavior. A workaround will be added here when available