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Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an announcement.
Paragon Banking Group PLC, a financial services company, has announced the purchase of 79,943 of its ordinary shares as part of a share buyback program valued up to £50 million. The shares were purchased through Peel Hunt LLP at an average price of 697.2985p per share. This transaction is part of Paragon’s strategy to manage its capital efficiently and potentially enhance shareholder value by reducing the number of shares in circulation. Following the purchase, the company holds 5,501,992 shares in treasury, with a total of 205,102,968 shares in issue, affecting the total voting rights and shareholder notifications under the Financial Conduct Authority’s rules.
More about Paragon Banking Group PLC
YTD Price Performance: -5.85%
Average Trading Volume: 537,683
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.41B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.