Callable Subordinated Notes due 2017

RNS Number : 7777Z

Paragon Group Of Companies PLC

21 March 2012

 



THE PARAGON GROUP OF COMPANIES PLC

£120,000,000 7.00 PER CENT Callable Subordinated Notes due 2017 ("The Notes")

(Nominal amount currently outstanding £110,000,000)

ISIN code XS0216276070

On 20 April 2005 The Paragon Group of Companies PLC ("the Company") issued the Notes to provide long term capital.  The Notes are repayable on 20 April 2017 but, at the Company's option, may be called on 20 April 2012.  For the purposes of clarification, the Company confirms that it will not exercise its call option on the Notes on 20 April 2012.

For further information, please contact:

Nigel Terrington

Chief Executive

0121 712 2024

Nick Keen

Finance Director

0121 712 2060

 

END

 

 

MSCFFLFLLXFFBBB