REG - Paragon Mortgages 28 - Redemption of Notes and Cancellation of Listing

Paragon BankingAnnouncement

21/11/2025 10:00

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RNS Number : 0091I  Paragon Mortgages (No.28) PLC  21 November 2025

PM28 RIS - CONFIRMATION OF REDEMPTION OF NOTES AND CANCELLATION OF LISTING

21 November 2025

Paragon Mortgages (No.28) PLC - intended delisting of Notes from the Official
List of the Financial Conduct Authority and cancellation of trading on the
London Stock Exchange

1.          Paragon Mortgages (No.28) PLC hereby announces that it
has resolved to request the delisting of:

Class A Mortgage Backed Floating Rate Notes Due December 2047

ISIN: XS2243463879

Common Code: 24346387

(the "Class A Notes")

Class B Mortgage Backed Floating Rate Notes Due December 2047

ISIN: XS2243463952

Common Code: 224346395

(the "Class B Notes")

Class C Mortgage Backed Floating Rate Notes Due December 2047

ISIN: XS2243464091

Common Code: 24346409

(the "Class C Notes")

Class D Mortgage Backed Floating Rate Notes Due December 2047

ISIN: XS2243464174

Common Code: 24346417

(the "Class D Notes")

Class Z Mortgage Backed Floating Rate Notes Due December 2047

ISIN: XS2243464257

Common Code: 24346425

(the "Class Z Notes")

Class S Mortgage Backed Floating Rate Notes Due December 2047

ISIN: XS2243464331

Common Code: 224346433

(the "Class S Notes"),

currently admitted to listing on the Official List of the Financial Conduct
Authority and to request the cancellation of the trading of the Notes on the
Main Market of the London Stock Exchange (the "LSE").

2.          The redemption of the Class A Notes, Class B Notes, Class
C Notes, Class D Notes, Class Z Notes and Class S Notes is due to take effect
on 15 December 2025.

3.     Application has been made to the Financial Conduct Authority for all
of the Notes to be removed from the Official List and to the LSE for trading
of the Notes to be cancelled with effect from 22 December 2025 or such later
date upon which redemption of the Class A Notes, Class B Notes, Class C Notes,
Class D Notes, Class Z Notes and Class S Notes has occurred.

4.        The last day of dealings in the Class A Notes, Class B Notes,
Class C Notes, Class D Notes, Class Z Notes and Class S Notes on the LSE is
expected to be 15 December 2025.

5.       The cancellation of the listing and of trading in the Notes on
the LSE is expected to take effect at or about 8:00 a.m. on 22 December 2025.

For further information please contact

Marius Van Niekerk

General Counsel and Company Secretary

Email:  marius.vanniekerk@paragonbank.co.uk

Tel: +44 (0)7923 214 772

 

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