Paypoint (GB:PAY) has released an update.
PayPoint plc has announced the repurchase of 24,630 of its own ordinary shares at prices ranging from 654.00 to 665.00 pence per share, with a weighted average price of 662.2055 pence, through Investec Bank plc. The company plans to cancel the acquired shares, which is a common practice to return value to shareholders and potentially improve financial ratios.
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