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Paypoint ( (GB:PAY) ) has shared an announcement.
PayPoint plc has announced the repurchase of 11,818 of its ordinary shares, executed through Investec Bank plc, with plans to cancel the acquired shares. This buyback reduces the company’s share capital to 71,189,613 ordinary shares, aiding stakeholders in managing their interests under the FCA’s rules, potentially enhancing shareholder value by reducing the number of shares outstanding.
More about Paypoint
PayPoint plc operates in the financial services industry, providing payment processing and transaction services. The company is known for its wide array of services that facilitate bill payments, mobile top-ups, and other financial transactions, primarily targeting retail and convenience sectors.
YTD Price Performance: -11.15%
Average Trading Volume: 219,265
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £494.5M
For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.
