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PayPoint Announces Share Buyback and Capital Reduction
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PayPoint Announces Share Buyback and Capital Reduction

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Paypoint ( (GB:PAY) ) has issued an announcement.

PayPoint plc announced the repurchase of 10,291 ordinary shares at an average price of 754.2245 pence per share, as part of its share buyback program. The purchased shares will be canceled, reducing the company’s overall share capital, which may impact shareholder equity calculations and market valuation.

More about Paypoint

PayPoint plc operates within the financial services industry, providing payment and processing solutions primarily for utility and convenience retailers. The company focuses on facilitating transactions and offering related services to enhance retail operations.

YTD Price Performance: 55.30%

Average Trading Volume: 191,987

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £545.4M

See more insights into PAY stock on TipRanks’ Stock Analysis page.

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