Paypoint ( (GB:PAY) ) just unveiled an announcement.
PayPoint plc has announced a buyback of 11,101 of its ordinary shares, with the intention to cancel these shares. This move reduces the company’s share capital to 71,359,833 shares, each carrying one vote at general meetings. By decreasing the number of shares, PayPoint aims to enhance shareholder value and strengthen its market position.
More about Paypoint
PayPoint plc operates in the financial services industry, primarily providing payment solutions and technology for various sectors. The company focuses on offering services like bill payments, mobile top-ups, and retail services, positioning itself as a key player in the payment and retail technology sectors.
YTD Price Performance: -10.77%
Average Trading Volume: 217,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £497M
For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.