Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.
Paragon Banking Group PLC announced that its Executive Directors, Nigel Stewart Terrington and Richard James Woodman, have acquired ordinary shares in the company as part of the Salary in Shares arrangement. This initiative, which constitutes 20% of their salary, is designed to align the interests of the directors with those of the shareholders. The shares were purchased in quarterly installments and will be released over five years. This move reflects the company’s commitment to its shareholder-approved Directors’ Remuneration Policy, potentially enhancing stakeholder confidence in the company’s governance practices.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, focusing on banking solutions. The company offers a range of banking products and services, including savings accounts, loans, and mortgages, primarily targeting the UK market.
YTD Price Performance: 7.65%
Average Trading Volume: 513,085
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.52B
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