Paragon Banking Group PLC

Major Shareholding Notification • Aug 28, 2015

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RNS Number : 5177X

Paragon Group Of Companies PLC

28 August 2015

The following amendment has been made to the 'Holding(s) in Company' announcement released on 25 August 2015 at 10:14 under RNS No 9937W.

In section 8A under 'Resulting situation after the triggering transaction', the number of voting rights for EJF Debt Opportunities Master Fund, L.P. have been changed from indirect to direct.

All other details remain unchanged.  The full amended text is shown below.

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				Yes
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 EJF Debt Opportunities Master Fund, L.P.
4. Full name of shareholder(s) (if different from 3.):iv		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.
5. Date of the transaction and date on which the threshold is crossed or reached: v		August 21, 2015 - EJF Debt Opportunities Master Fund, L.P. August 24, 2015 - EJF Capital LLC
6. Date on which issuer notified:		August 25, 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		5.00% - EJF Debt Opportunities Master Fund, L.P. 8.00% - EJF Capital LLC

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	14,494,451 - EJF Debt Opportunities Master Fund, L.P. 23,761,202 - EJF Capital LLC								15,723,340 - EJF Debt Opportunities Master Fund, L.P.		24,501,522 - EJF Capital LLC	5.28% - EJF Debt Opportunities Master Fund, L.P.			8.23% - EJF Capital LLC
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
15,723,340 - EJF Debt Opportunities Master Fund, L.P. 24,501,522 - EJF Capital LLC								5.28% - EJF Debt Opportunities Master Fund, L.P. 8.23% - EJF Capital LLC

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Beltway Strategic Opportunities Fund L.P.                  (2,732,356 shares or 0.92%)                 EJF Beltway Strategic Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund, L.P.               (15,723,340 shares or 5.28%)                 EJF Debt Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund II, LP              (3,492,911 shares or 1.17%)                 EJF Debt Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Financial Services Fund, LP                                     (2,000,000 shares or 0.67%)                 EJF Financial Services GP, LLC (general partner)                                 EJF Capital LLC (sole member) HHMI VII, L.L.C.                                                           (552,915 shares or 0.19%)             EJF Capital LLC (Investment Manager)
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 297,653,412
14. Contact name:	Pandora Sharp, Group Company Secretary
15. Contact telephone number:	0121 712 2075

This information is provided by RNS

The company news service from the London Stock Exchange

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