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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 update.

PayPoint plc, a company engaged in facilitating transactions and payments, announced the buyback of 9,559 of its ordinary shares through Investec Bank plc, with plans to cancel them. This move reduces the company’s share capital to 71,495,093 ordinary shares, possibly impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

More about Paypoint

YTD Price Performance: -5.13%

Average Trading Volume: 199,046

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £541.2M

For detailed information about PAY stock, go to TipRanks’ Stock Analysis page.

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