Paragon Banking Group PLC (GB:PAG) has released an update.
BlackRock, Inc. has notified Paragon Banking Group PLC that it crossed the 5% threshold of voting rights on August 1, 2024. Following the acquisition or disposal of shares and financial instruments, BlackRock now holds a total voting rights percentage of 5%, which corresponds to 10,581,978 voting rights within the company. This change in shareholding structure could indicate BlackRock’s increasing influence in Paragon’s financial decisions and strategic direction.
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