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Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.
Paragon Banking Group PLC has executed a share buyback program, purchasing 74,343 of its ordinary shares on the London Stock Exchange for an average price of 768.6135p per share. This transaction is part of a previously announced £50 million share buyback initiative, and it results in the company holding a total of 6,289,097 treasury shares, with 204,315,863 shares remaining in circulation. This buyback reflects the company’s strategic move to optimize its capital structure, potentially enhancing shareholder value and indicating confidence in its financial stability.
More about Paragon Banking Group PLC
Paragon Banking Group PLC is a UK-based company operating in the banking industry. It primarily offers financial services including lending, savings, and investment solutions, focusing on the UK market.
YTD Price Performance: 2.56%
Average Trading Volume: 547,715
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.51B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.
