Key Developments: Paragon Group of Companies Plc (PARA.L)

PARA.L on London Stock Exchange

341.10GBp
11:48am EDT
Price Change (% chg)

-0.90p (-0.26%)
Prev Close
342.00p
Open
344.10p
Day's High
345.20p
Day's Low
338.70p
Volume
1,100,734
Avg. Vol
493,447
52-wk High
426.10p
52-wk Low
311.40p

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Latest Key Developments (Source: Significant Developments)

Paragon Group Of Companies PLC sees FY 2014 outlook in line with management's expectations
Thursday, 24 Jul 2014 02:00am EDT 

Paragon Group Of Companies PLC:Says that financial performance of the company for FY 2014 remains strong and in line with management's expectations.  Full Article

The Paragon Group of Companies PLC announces interim dividend
Tuesday, 20 May 2014 02:00am EDT 

The Paragon Group of Companies PLC:Says it will pay an interim dividend of 3.0 pence per share (H1 2013: 2.4 pence per share).Payment date July 25.Register date July 04.  Full Article

The Paragon Group of Companies PLC announces launch of banking subsidiary
Tuesday, 18 Feb 2014 02:00am EST 

The Paragon Group of Companies PLC:Says it has launched its banking subsidiary Paragon Bank PLC following authorization by the Prudential Regulation Authority.The company has provided initial capital of 12.7 mln pounds to the bank and will expect to provide additional capital over time to support growth.Paragon Bank, regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is a wholly owned subsidiary of the company.Paragon Bank will offer savings and loan products, broadening competition and choice in the UK banking market.  Full Article

The Paragon Group of Companies PLC proposes final dividend
Tuesday, 26 Nov 2013 02:00am EST 

The Paragon Group of Companies PLC:Says the Board has proposed a final dividend of 4.8 pence per share (2012: 4.5 pence).Says the dividend when added to the interim dividend of 2.4 pence, gives a total dividend of 7.2 pence per share for 2013 (2012: 6.0p), an increase of 20.0 percent.Says subject to approval at the Annual General Meeting on Feb. 6, 2014, the dividend will be paid on Feb. 10, 2014, by reference to a record date of Jan. 10, 2014.  Full Article

The Paragon Group of Companies PLC Announces Interim Dividend
Tuesday, 21 May 2013 02:00am EDT 

The Paragon Group of Companies PLC announced an interim dividend of 2.40 pence per share is proposed (2012: 1.50 pence per share), payable on July 26, 2013 with a record date of July 05, 2013.  Full Article

The Paragon Group of Companies PLC Launches 6% Retail Bonds Due 2020 as Initial Transaction Under GBP 1 Billion Euro Medium Term Note Programme
Wednesday, 13 Feb 2013 04:00am EST 

The Paragon Group of Companies PLC announced that it has, on February 13, 2013, launched an offer of 6% sterling bonds due December 2020. The bonds are available to retail investors and are being issued by Paragon for general corporate purposes. This is the initial transaction under a GBP 1 billion Euro Medium Term Note Programme. Fixed interest at the rate of 6% per annum, will be payable semi-annually in arrear on March 5 and September 5 of each year until September 5, 2020, with a final short coupon payable on December 5, 2020, the date the bonds mature. The first coupon payment will be on September 5, 2013. At any time during the life of the bonds, investors are permitted to sell the bonds (within market hours and in normal market conditions) on the open market through their stockbroker. Canaccord Genuity Limited is acting as Manager on this issue. The bonds have a minimum initial subscription amount of GBP 2,000 and are available in multiples of GBP 100 thereafter. The offer period is open and is expected to close at 5pm (London time) on February 26, 2013. The Manager retains the right to close the offer early, in conjunction with Paragon. The bonds are expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.  Full Article

The Paragon Group of Companies PLC Announces Extension And Increased Warehouse Facility With Macquarie Bank
Monday, 5 Nov 2012 02:00am EST 

The Paragon Group of Companies PLC announced the renewal of its mortgage warehouse facility with Macquarie Bank Limited (London Branch), ("Macquarie"), with an increase in the facility to GBP250 million from GBP200 million. The facility, rated by Fitch Ratings, will be available until December 13, 2016 (and for drawing until December 13, 2014) to Paragon Fourth Funding Limited, a 100% owned subsidiary of Paragon and interest will be charged on the amount drawn at an unchanged rate of three month LIBOR plus 2.875%. Paragon uses warehouse facilities to originate and aggregate mortgage loans, where they are held for a limited period prior to long-term funding in the mortgage backed securitisation markets. Paragon recently completed its latest securitisation, PM17, amounting to GBP200 million.  Full Article

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