Paragon Banking Group PLC

Major Shareholding Notification • Jan 26, 2016

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RNS Number : 0086N

Paragon Group Of Companies PLC

26 January 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			The Paragon Group of Companies PLC
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		EJF Capital LLC
4. Full name of shareholder(s) (if different from 3.):iv		EJF Debt Opportunities Master Fund, L.P. EJF Debt Opportunities Master Fund II, LP
5. Date of the transaction and date on which the threshold is crossed or reached: v		January 25, 2016
6. Date on which issuer notified:		January 26, 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		3.00%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares	Number of voting rights			% of  voting rights x
Direct	Direct xi		Indirect xii	Direct			Indirect
GB00B2NGPM57	8,856,335									8,179,026				2.79%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv				Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii		Number of voting rights instrument refers to				% of voting rights xix, xx
												Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
8,179,026								2.79%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
EJF Debt Opportunities Master Fund, L.P.               (6,175,606 shares or 2.10%)                 EJF Debt Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund II, LP              (2,003,420 shares or 0.68%)                 EJF Debt Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Notification using the total voting rights figure of 293,670,941
14. Contact name:	Pandora Sharp, Group Company Secretary
15. Contact telephone number:	0121 712 2075

This information is provided by RNS

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