Paypoint (GB:PAY) has released an update.
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PayPoint plc has repurchased 10,912 of its ordinary shares at prices ranging between 831 and 854 pence per share, with plans to cancel these shares to potentially enhance shareholder value. This buyback forms part of their strategy to manage capital efficiently and may influence investor sentiment positively. The repurchase leaves PayPoint’s share capital at 71,690,159 shares, each carrying one vote at company meetings.
For further insights into GB:PAY stock, check out TipRanks’ Stock Analysis page.
