Completion of Sale of vehicle and fleet subsidiary
In brief · summary, not quotable
Completion of sale of Specialist Fleet Services Limited for approximately £40 million, strengthening capital.
- Proceeds added to net tangible assets £40m
- CET1 uplift 0.5%
Full announcement
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Following the announcement on 22 June 2026, Paragon Banking Group PLC today announces the completion of the sale of its subsidiary, Specialist Fleet Services Limited to NRG Fleet Services Limited, adding around £40 million to its net tangible assets and 0.5% to CET1.
Paragon will be releasing its full year results for the twelve months to 30 September 2026 on Tuesday 1 December 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.