REG - Paragon Banking Grp - Share buy-back programme

Paragon BankingAnnouncement

Wed 09:00

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RNS Number : 3873L  Paragon Banking Group PLC  04 June 2025

Paragon Banking Group PLC:

Transaction in own shares

 

4 June 2025

 

As announced by Paragon Banking Group PLC ("the Company") on 4 June 2025, as
part of a review of its ongoing capital management, a further buy-back
programme of up to £50.0 million for the 2025 financial year (the "Buy-Back
Programme") has been authorised by the Company's Board. The Buy-Back Programme
will commence immediately and is expected to end no later than 30 September
2025, subject to market conditions.

 

The purpose of the Buy-Back Programme is to reduce the capital of the Company.

 

The Group was granted the general authority to undertake on-market share
buy-backs, up to 20,500,000 ordinary shares, at the Company's AGM on 5 March
2025.  The Buy-Back Programme will be carried out under that authority.

 

The Group is entering into an arrangement with UBS AG London Branch to effect
the Buy-Back Programme.  Any purchases made under the Buy-Back programme will
be announced through the Regulatory News Service of the London Stock Exchange
and the acquired shares will initially be held in treasury.  However, there
is no guarantee that the Buy-Back Programme will be implemented in full or
that any shares will be bought back by the Company.

 

The Buy-Back Programme will be effected 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)) ("UK MAR") and Chapter 9 of
the Listing Rules.

 

 

 

 

 Enquiries to:
 Paragon Banking Group PLC  Carolyn Sharpe
                            Deputy Company Secretary
                            07984 810427

 

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