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PayPoint Announces Share Buyback and Cancellation

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PayPoint Announces Share Buyback and Cancellation

Paypoint ( (GB:PAY) ) just unveiled an update.

PayPoint plc has announced the purchase of 12,730 of its own ordinary shares at prices ranging from 617 to 635 pence, with the intention to cancel these shares. This transaction reduces the company’s share capital to 70,770,599 ordinary shares, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

More about Paypoint

PayPoint plc operates in the financial services industry, providing payment solutions and services to businesses and consumers. The company focuses on facilitating transactions and offering a range of financial products to enhance customer convenience and business efficiency.

YTD Price Performance: -16.86%

Average Trading Volume: 173,402

Technical Sentiment Signal: Sell

Current Market Cap: £449.8M

See more insights into PAY stock on TipRanks’ Stock Analysis page.

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