Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Paypoint ( (GB:PAY) ) has issued an update.
PayPoint plc has completed a share buyback transaction, purchasing 8,500 of its ordinary shares through Investec Bank plc, with the intention to cancel these shares. This strategic move aims to optimize the company’s capital structure, potentially enhancing shareholder value and demonstrating confidence in its financial health. As a result, the share capital now consists of 71,577,051 ordinary shares, which stakeholders can use as a new baseline for their notification obligations under regulatory guidelines.
More about Paypoint
PayPoint plc operates in the payment services industry, focusing on providing payment solutions and services to a variety of sectors. The company’s offerings include facilitating bill payments, retail services, and other financial transactions, primarily targeting markets in the UK.
YTD Price Performance: 55.30%
Average Trading Volume: 191,987
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £545.4M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.
