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IN BRIEF: Paragon Banking starts new £50 million share buyback

ALN

Paragon Banking Group PLC - Solihull, West Midlands-based mortgage lender and provider of personal loans and business financing - Starts on Monday a £50.0 million share buyback announced with its interim results early last month. The buyback will be run by broker Peel Hunt Ltd and be completed by the end of September. The buyback is to reduce share capital, though the repurchased shares will initially be held in treasury. The new buyback will bring Paragon Banking’s total share buybacks in financial 2026 to £100.0 million.

Current stock price: 1,790.00 pence

12-month change: down 16%

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