Paypoint ( (GB:PAY) ) has issued an update.
PayPoint plc has announced the repurchase of 13,062 of its ordinary shares through Investec Bank plc, with plans to cancel these shares. This transaction is part of PayPoint’s strategy to manage its share capital, which currently consists of 70,889,647 ordinary shares. The buyback aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, which could have implications for voting rights and shareholding calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Paypoint
YTD Price Performance: -19.33%
Average Trading Volume: 165,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £439.2M
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