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LONDON - Paragon Banking Group PLC announced Wednesday it has cancelled 7 million ordinary treasury shares with a nominal value of £1.00 each, representing approximately 3.58% of the company’s voting rights.
Following the cancellation, Paragon now holds 2,161,416 shares in treasury, equivalent to 1.11% of its voting rights. The total number of issued shares has been reduced to 197,404,960, with voting rights totaling 195,243,544.
The company completed the cancellation in accordance with section 729 of the Companies Act 2006, as stated in a press release.
The updated voting rights figure of 195,243,544 may be used by shareholders as the denominator for calculations to determine if they need to notify their interest or changes to their interest in the company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The announcement was made in compliance with Listing Rule 9.8.2 and Disclosure and Transparency Rule 5 requirements.
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