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LONDON - Paragon Banking Group PLC has announced the cancellation of 6.2 million treasury shares, a move that will affect the total number of voting rights within the company. The cancellation, which took place on March 19, 2025, is in line with section 729 of the Companies Act 2006.
Following the cancellation, the total number of ordinary £1.00 shares held in treasury by the company has been reduced to 2,906,387. Consequently, the total number of issued shares of the company now stands at 204,404,960.
The shares that were cancelled represented 3.05% of the voting rights. After the cancellation, the percentage of voting rights attributable to the shares held in treasury by Paragon Banking Group PLC stands at 1.44%. As a result, the total number of voting rights in the company is now 201,498,573. This figure serves as the denominator for shareholders to calculate the percentage of their holdings and to determine whether they must disclose changes in their interest in the company as per the Financial Conduct Authority’s Disclosure and Transparency Rules.
This action falls under the regulatory framework of the Listing Rule 12.6.4 and DTR 5, which govern the cancellation of treasury shares and the disclosure of related changes in voting rights.
The information provided in this article is based on a press release statement from Paragon Banking Group PLC.
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