TIDMPAG

RNS Number : 2632N

Paragon Banking Group PLC

08 May 2018

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.

End

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQFKODPCBKDBPK

(END) Dow Jones Newswires

May 08, 2018 02:00 ET (06:00 GMT)

Paragon Banking (LSE:PAG)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Paragon Banking Charts.
Paragon Banking (LSE:PAG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Paragon Banking Charts.