TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
The Paragon Group of Companies PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
EJF Capital LLC EJF Debt Opportunities Master Fund, L.P. |
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4. Full name of shareholder(s) |
Beltway Strategic Opportunities Fund L.P. EJF Debt Opportunities Master Fund, L.P. EJF Debt Opportunities Master Fund II, LP EJF Financial Services Fund, LP HHMI VII, L.L.C. |
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5. Date of the transaction and date on |
December 1, 2015 - EJF Capital LLC December 1, 2015 - EJF Debt Opportunities Master Fund, L.P. |
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6. Date on which issuer notified: |
December 2, 2015 |
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7. Threshold(s) that is/are crossed or |
5.00% - EJF Capital LLC 3.00% - EJF Debt Opportunities Master Fund, L.P. |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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GB00B2NGPM57 |
9,300,679 - EJF Debt Opportunities Master Fund, L.P.
15,388,134 - EJF Capital LLC |
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8,410,888 - EJF Debt Opportunities Master Fund, L.P. |
14,498,343 - EJF Capital LLC |
2.83% - EJF Debt Opportunities Master Fund, L.P. |
4.88% - EJF Capital LLC |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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8,410,888 - EJF Debt Opportunities Master Fund, L.P. 14,498,343 - EJF Capital LLC |
2.83% - EJF Debt Opportunities Master Fund, L.P. 4.88% - EJF Capital LLC |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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Beltway Strategic Opportunities Fund L.P. (2,112,603 shares or 0.71%) EJF Beltway Strategic Opportunities GP, LLC (general partner) EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund, L.P. (8,410,888 shares or 2.83%) EJF Debt Opportunities GP, LLC (general partner) EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund II, LP (2,536,764 shares or 0.85%) EJF Debt Opportunities GP, LLC (general partner) EJF Capital LLC (sole member) EJF Financial Services Fund, LP (1,000,000 shares or 0.34%) EJF Financial Services GP, LLC (general partner) EJF Capital LLC (sole member) HHMI VII, L.L.C. (438,088 shares or 0.15%) EJF Capital LLC (Investment Manager) |
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
N/A |
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297,026,361 |
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14. Contact name: |
Pandora Sharp, Group Company Secretary |
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15. Contact telephone number: |
0121 712 2075 |
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