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Paypoint ( (GB:PAY) ) has issued an announcement.
PayPoint plc has announced the purchase of 11,962 of its own ordinary shares, with prices ranging from 692.00 to 702.00 pence per share, through Investec Bank plc. This action is part of a buyback program aimed at reducing the number of shares in circulation, which could potentially enhance shareholder value by increasing earnings per share. The company’s current share capital stands at 71,248,946 ordinary shares, and this buyback is expected to influence the calculations for stakeholders under the FCA’s Disclosure Guidance and Transparency Rules.
More about Paypoint
YTD Price Performance: -11.54%
Average Trading Volume: 218,349
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £491.6M
See more insights into PAY stock on TipRanks’ Stock Analysis page.
