Paypoint ( (GB:PAY) ) has shared an announcement.
PayPoint plc, a company involved in financial transactions, has announced the repurchase of 11,641 of its ordinary shares at prices ranging from 617.00 to 626.00 pence per share, with a weighted average price of 621.8688 pence. This move is part of a share buyback program aimed at reducing the company’s share capital, which currently stands at 70,889,647 ordinary shares. The cancellation of these shares is intended to enhance shareholder value and streamline the company’s capital structure, potentially impacting its market positioning and stakeholder interests.
More about Paypoint
YTD Price Performance: -19.46%
Average Trading Volume: 168,793
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £439.2M
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