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Paragon Banking Directors Acquire Shares under New Remuneration Policy
Company Announcements

Paragon Banking Directors Acquire Shares under New Remuneration Policy

Story Highlights
  • Paragon Banking’s directors acquired shares through the Salary in Shares arrangement.
  • The directors exercised options from the Sharesave Plan, boosting long-term engagement.
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Paragon Banking Group PLC ( (GB:PAG) ) has shared an announcement.

Paragon Banking Group PLC announced that its Executive Directors have acquired ordinary shares as part of the Salary in Shares (SIS) arrangement, which allocates 20% of their salary into shares. This initiative is part of the company’s shareholder-approved Directors’ Remuneration Policy, which aims to align the executives’ interests with those of shareholders over a five-year period. Additionally, the directors exercised options from the Paragon Sharesave Plan 2019, reflecting the company’s commitment to employee investment schemes. These transactions underscore the company’s efforts to bolster executive engagement and potentially enhance long-term shareholder value.

More about Paragon Banking Group PLC

Paragon Banking Group PLC operates in the financial services industry, focusing on providing banking products and services. The company offers a range of financial solutions, including mortgages, savings accounts, and commercial lending, primarily serving the UK market.

YTD Price Performance: 11.76%

Average Trading Volume: 528,735

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.48B

For a thorough assessment of PAG stock, go to TipRanks’ Stock Analysis page.

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