PayPoint Announces Share Buyback and Cancellation

Paypoint (GB:PAY) has released an update.

PayPoint plc has repurchased 7,834 of its ordinary shares at an average price of 798.12 pence, with plans to cancel these shares. This buyback reduces the total number of shares, potentially increasing the value of remaining stock for shareholders. Investors might find this move significant as it could indicate PayPoint’s confidence in its financial health and future prospects.

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