PayPoint Announces Share Buyback and Cancellation

Paypoint ( (GB:PAY) ) has issued an announcement.

PayPoint plc, a company engaged in purchasing its own ordinary shares, recently acquired 9,646 shares through Investec Bank plc at prices ranging from 782.00 to 795.00 pence per share, with a weighted average price of 789.8442 pence. The company intends to cancel these shares, impacting its share capital, which now stands at 71,495,093 ordinary shares. This transaction is part of a buyback program, indicating PayPoint’s strategy to enhance shareholder value and manage its capital structure effectively.

More about Paypoint

Average Trading Volume: 193,872

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £557.9M

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