Paypoint (GB:PAY) has released an update.
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PayPoint plc has announced the launch of a £20 million share buyback programme aimed at reducing the company’s share capital by cancelling the purchased shares, asserting it aligns with shareholder interests. The buyback, set to occur between July 1, 2024, and June 30, 2025, has a maximum purchase target of 7,257,609 shares, contingent on shareholder approval at the upcoming annual general meeting. The execution of the programme will be managed by Investec Bank plc within regulatory parameters, independent of PayPoint.
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