Paragon Banking Group PLC ( (GB:PAG) ) has issued an announcement.
Paragon Banking Group PLC has executed a share buyback program, purchasing 50,429 ordinary shares at an average price of 749.7382p on the London Stock Exchange. This move is part of a larger £50 million buyback initiative announced in December 2024, which aims to enhance shareholder value and optimize capital structure. Following this transaction, Paragon holds 3,717,571 shares in treasury, with 200,687,389 shares remaining in issue, impacting the company’s total voting rights and potentially affecting shareholder calculations under regulatory guidelines.
More about Paragon Banking Group PLC
Paragon Banking Group PLC is a financial services company based in the UK, primarily engaged in providing banking services and products. The company focuses on offering savings and lending solutions, including mortgages and loans, to a diverse range of customers.
YTD Price Performance: 2.63%
Average Trading Volume: 512,830
Technical Sentiment Signal: Sell
Current Market Cap: £1.52B
For an in-depth examination of PAG stock, go to TipRanks’ Stock Analysis page.