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Paypoint ( (GB:PAY) ) has issued an update.
PayPoint plc announced the repurchase of 10,092 of its ordinary shares through Investec Bank plc. The shares were bought at a weighted average price of 705.1822 pence, and the company plans to cancel them. This move is part of a buyback program and affects the company’s share capital, which now consists of 71,461,356 ordinary shares. The transaction supports PayPoint’s capital management strategy and may have implications for shareholder value, as well as compliance with FCA’s Disclosure Guidance and Transparency Rules.
More about Paypoint
PayPoint plc is a company operating in the financial services industry, offering payment technologies and solutions. It focuses on facilitating transactions through its network, catering primarily to retail and service sectors.
YTD Price Performance: -10.77%
Average Trading Volume: 209,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £497.4M
Learn more about PAY stock on TipRanks’ Stock Analysis page.
