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Paragon Banking Group PLC ( (GB:PAG) ) has issued an announcement.
Paragon Banking Group PLC announced the purchase of 55,774 ordinary shares as part of their share buyback program, which aims to repurchase up to £50 million worth of shares. This action is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares. Following this transaction, the company holds 5,640,403 shares in treasury and has 204,964,557 shares in issue, reflecting its ongoing commitment to managing its capital structure effectively.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, offering a range of banking products and services. The company is involved in activities like lending, savings, and investment, with a focus on providing financial solutions to both retail and commercial customers.
YTD Price Performance: -7.46%
Average Trading Volume: 554,187
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.38B
See more data about PAG stock on TipRanks’ Stock Analysis page.
