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Paragon Banking Group PLC ( (GB:PAG) ) has provided an announcement.
Paragon Banking Group PLC has executed a share buyback program, acquiring 32,835 of its own ordinary shares on the London Stock Exchange as part of a previously announced plan to repurchase up to £50 million worth of shares. This action reflects the company’s ongoing strategy to optimize its capital structure and potentially increase shareholder value by reducing the number of shares in circulation, thereby impacting voting rights and interest calculations for shareholders.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, focusing on providing banking products and services. It is engaged in activities such as lending, savings, and investment services, with a strong market presence in the UK.
YTD Price Performance: 0.54%
Average Trading Volume: 538,449
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.5B
See more insights into PAG stock on TipRanks’ Stock Analysis page.
