Paragon Banking Group PLC ( (GB:PAG) ) has provided an update.
Paragon Banking Group PLC has executed a share buyback program, purchasing 103,438 of its own ordinary shares on the London Stock Exchange through Peel Hunt LLP. This move is part of a larger £50 million buyback initiative announced in December 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The company now holds 8,378,138 shares in treasury, with 202,226,822 shares in issue, which represents the total voting rights in the company.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, focusing on banking and lending services. It is involved in providing savings and loans products to its customers, with a market focus on retail and commercial banking sectors.
YTD Price Performance: 1.45%
Average Trading Volume: 517,917
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.44B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.