Paragon Banking Group PLC Management of share buyback programme

RNS Number : 4961H

Paragon Banking Group PLC

20 March 2024

 

Paragon Banking Group PLC:

 

20 March 2024

 

Management of share buyback programme

 

On 6 December 2023, 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 5 June 2024, the Company's closed period will commence on 1 April 2024. The Company has today lodged an irrevocable non-discretionary instruction to UBS AG London Branch ("UBS"), to commence immediately and to continue to operate the buyback programme during the closed period.

 

Any 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 12 of the Listing Rules. The Company confirms that it currently has no unpublished price sensitive information.

 

Further enquiries to:

 

 

Paragon Banking Group PLC         

Ciara Murphy

Company Secretary

Tel: [phone]

 

 

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