REG - Paragon Banking Grp - Management of share buyback programme

Paragon BankingAnnouncement

31/03/2025 10:00

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RNS Number : 9081C  Paragon Banking Group PLC  31 March 2025

Paragon Banking Group PLC:

 

31 March 2025

 

Management of share buyback programme

 

On 3 December 2024, Paragon Banking Group PLC (the "Company") announced a
share buyback programme of up to £50m (the "buyback programme").

 

In advance of the publication of its half-year results on 4 June 2025, the
Company's closed period will commence on 1 April 2025.  The Company has today
lodged an irrevocable non-discretionary instruction with Peel Hunt LLP ("Peel
Hunt"), to continue to operate the current buyback programme during the closed
period.  Peel Hunt will operate the buyback programme autonomously during the
closed period until the buyback programme is completed or until 24 May 2025,
whichever occurs first.

Any share acquisitions will be effected within certain pre-set parameters, and
in accordance with both the Company's general authority to repurchase shares
and in compliance with Market Abuse Regulation 596/2014 (as it forms part of
UK law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (as
amended)) and Chapter 9 of the Listing Rules. The Company confirms that it
currently has no unpublished price sensitive information.

 

Further enquiries:

 

 

Paragon Banking Group PLC

Ciara Murphy

Company Secretary

Tel: 07974 980 152

 

 

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