Paragon Banking Group PLC (GB:PAG) has released an update.
Paragon Banking Group PLC has repurchased 108,349 of its ordinary shares as part of a £50 million share buyback program, paying a volume-weighted average price of 692.3604 pence per share. This transaction increases the company’s treasury shares to 4,293,105, while the total shares in issue stand at 206,311,855. The buyback is a strategic move to enhance shareholder value by reducing the number of shares in circulation.
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