Paragon Banking Group PLC ( (GB:PAG) ) has provided an announcement.
Paragon Banking Group PLC has executed a share buyback program, purchasing 71,188 of its ordinary shares on the London Stock Exchange through Peel Hunt LLP. This buyback is part of a larger £50 million program announced in December 2024. Following this transaction, the company holds 3,460,203 shares in treasury, with 200,944,757 shares remaining in issue. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates within the financial services industry, primarily focusing on banking and lending services. The company is engaged in providing a range of financial products and services, including savings accounts, loans, and mortgages, with a market focus on both personal and commercial banking sectors.
YTD Price Performance: 8.35%
Average Trading Volume: 502,287
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.53B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.