Paragon Banking Group PLC (GB:PAG) has released an update.
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Paragon Banking Group PLC has repurchased 97,208 of its ordinary shares as part of its £50 million share buyback program, with prices ranging from 740.00p to 752.00p per share. This strategic move is aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share. The company now holds over 3.2 million shares in treasury, with 207 million shares remaining in issue.
For further insights into GB:PAG stock, check out TipRanks’ Stock Analysis page.