Statement re possible acquisition

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

 

END

 

 

ACQFKODPCBKDBPK