RNS Number : 3110R

Paragon Group Of Companies PLC

10 September 2014



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
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		September 4, 2014
6. Date on which issuer notified:		September 9, 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		5.22%

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

12,273,371

16,007,317

5.22%

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

16,007,317

5.22%

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.                  (3,541,158 shares or 1.16%)                 EJF Beltway Strategic Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund, L.P.               (8,771,385 shares or 2.86%)                 EJF Debt Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Debt Opportunities Master Fund II, LP              (2,374,753 shares or .77%)                 EJF Debt Opportunities GP, LLC (general partner)                                 EJF Capital LLC (sole member) EJF Financial Services Fund, LP                                     (676,108 shares or .22%)                 EJF Financial Services GP, LLC (general partner)                                 EJF Capital LLC (sole member) HHMI VII, L.L.C.                                                           (643,913 shares or .21%)             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 306,639,383
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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