Paragon Banking Group PLC
Monday 7 May 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Statement re possible acquisition
Paragon Banking Group PLC ("Paragon") notes the press speculation in relation to a possible acquisition of Titlestone, the residential development finance lender. The purchase of loan books and bolt-on businesses represents a core part of Paragon's growth and diversification strategy.
Paragon confirms that it is in the early stages of considering a possible acquisition of Titlestone. There is no certainty of an agreement being reached nor as to the terms of such agreement. A further update will be provided as appropriate.
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