Paypoint ( (GB:PAY) ) has shared an announcement.
PayPoint plc has announced the purchase of 12,307 of its own ordinary shares through Investec Bank plc, with the intention to cancel these shares. This transaction is part of a buyback program, and the company’s current share capital consists of 71,014,414 ordinary shares, each carrying one vote. The cancellation of shares could potentially impact shareholder value by reducing the number of shares in circulation, thereby increasing the relative ownership stake of remaining shareholders.
More about Paypoint
YTD Price Performance: -19.07%
Average Trading Volume: 176,791
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £444.2M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com