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Paypoint ( (GB:PAY) ) has provided an update.
PayPoint plc has announced a share buyback initiative, purchasing 6,399 of its ordinary shares through Investec Bank plc. The company plans to cancel these shares, which currently form part of its total share capital consisting of 71,524,404 ordinary shares, each carrying one vote in general meetings. This move is part of PayPoint’s ongoing capital management strategy, possibly aiming to consolidate ownership and enhance shareholder value, reflecting the company’s proactive approach in managing its equity structure.
More about Paypoint
YTD Price Performance: 55.91%
Average Trading Volume: 197,274
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £547.2M
Learn more about PAY stock on TipRanks’ Stock Analysis page.
