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An update from Paragon Banking Group PLC ( (GB:PAG) ) is now available.
Paragon Banking Group PLC announced the repurchase of 90,540 of its ordinary shares as part of a £50 million share buyback program initiated in June 2024. This transaction reflects the company’s strategy to enhance shareholder value and manage its capital efficiently, as it now holds a significant number of shares in treasury, impacting total voting rights and potentially affecting shareholder interest calculations.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the banking industry, primarily focusing on providing financial services and products including savings accounts, loans, and mortgages. The company is dedicated to serving both retail and commercial customers, with a market focus on the UK.
YTD Price Performance: 17.67%
Average Trading Volume: 518,186
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.56B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.
