REG - Paragon Banking Grp - Statement re possible acquisition

Paragon BankingAnnouncement

08/05/2018 07:05

2018-05-08T06:00:53.521Zreuters.comtag:reuters.com,2018-05-08:newsml_RSH2632Na:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-08T06:00:53.521Z2018-05-08T06:00:53.521Z____UCDP:parsn_lse_10.54.4.69_1.2.37235:2019-06-08T06:00:53.521Z3RSH2632NaREG - Paragon Banking Grp  - Statement re possible acquisitionLEGACY: Financials (TRBC)LEGACY: Banking & Investment Services (TRBC)Banking Services (TRBC level 3)Consumer Lending (TRBC level 4)Personal & Car Loans (TRBC level 5)Financials (TRBC level 1)Banking & Investment Services (TRBC level 2)Western EuropeUnited KingdomEuropeSuggested SourcesServicesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesParagon Banking Group PLC








RNS Number : 2632N
Paragon Banking Group PLC
08 May 2018
 

Paragon Banking Group PLC
Monday 7 May 2018
 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
 
 
Statement re possible acquisition
 
Paragon Banking Group PLC ("Paragon") notes the press speculation in relation to a possible acquisition of Titlestone, the residential development finance lender. The purchase of loan books and bolt-on businesses represents a core part of Paragon's growth and diversification strategy.
 
Paragon confirms that it is in the early stages of considering a possible acquisition of Titlestone. There is no certainty of an agreement being reached nor as to the terms of such agreement. A further update will be provided as appropriate.
 
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