Management of share buyback programme
Company instructs broker to continue £50m share buyback programme during closed period until 24 May 2025.
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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 The Company confirms that it currently has no unpublished price sensitive information.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.