31 March 2015
THE PARAGON GROUP OF COMPANIES PLC
Paragon close period share repurchase programme
The Paragon Group of Companies PLC ("Paragon" or "the Company") announces that it has commenced, through Jefferies International Limited, an irrevocable, non-discretionary programme to purchase shares on its own behalf, to be held in treasury, during its close period which ends on 19 May 2015 with the release of the company's half year results.
Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase. The Company confirms that it currently has no unpublished price sensitive information.
These arrangements form part of the Company's share buy-back programme announced on 25 November 2014 and in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 12 February 2015.
Enquiries to: |
|
The Paragon Group of Companies PLC |
Pandora Sharp |
|
Group Company Secretary |
|
0121 712 2075 |
