7th Mar 2016 18:24
LONDON (Alliance News) - The Paragon Group of Companies PLC said Monday it has bought back 8.0 million shares for a total cost of GBP25.5 million since it commenced its extended buy-back programme on December 1.
The buy-to-let lender and consumer debt purchases said the share purchases meant it had completed the 2015 buyback programme, in which it was aiming to have purchased GBP50.0 million worth of shares by the end of December 2015, and represented 50% of the programme for the current financial year. The Paragon Group of Companies said in November it was extending its buyback programme with the aim of purchasing a further GBP50.0 million shares over 2016.
Shares in The Paragon Group of Companies closed down 1.1% at 326.20 pence on Monday.
By Hannah Boland; [email protected]; @Hannaheboland
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