PayPoint plc's Share Acquisition Announcement
PayPoint plc has recently disclosed the acquisition of a notable number of its ordinary shares via Investec Bank plc. This strategic decision underscores the Company’s dedication to boosting shareholder value and refining its capital structure.
Share Transaction Details
The Company has purchased 2,002 ordinary shares, each with a nominal value of £0.00333. During this transaction, the lowest recorded price per share was 699.00 pence, while the highest reached 704.00 pence. The weighted average price per day was noted at 701.5005 pence, reflecting effective price management throughout the share buyback process.
Plans to Cancel Acquired Shares
After completing the acquisition, PayPoint plc plans to cancel the shares obtained in this transaction. This step is anticipated to reduce the total number of shares available in the market, potentially increasing the value of the remaining shares. Currently, the Company’s share capital consists of 72,342,171 ordinary shares, with no shares held in Treasury.
Impact on Shareholders
The total of 72,342,171 ordinary shares will serve as a reference point for existing shareholders and other stakeholders who are required to report changes in their interests in the Company, in line with the FCA's Disclosure Guidance and Transparency Rules. These measures are designed to uphold transparency and protect shareholder interests.
Summary of the Purchase
Below are the aggregate details regarding the shares acquired during this buyback initiative. The trades were primarily executed in the XLON venue, highlighting robust market activity.
Moreover, the total volume-weighted average price for the shares purchased was 701.5005 pence, showcasing a methodical approach in executing the trades. The aggregate volume reflects a strong commitment to maintaining efficient trading standards.
Overview of Individual Transactions
A detailed breakdown of the individual trades carried out on behalf of the Company as part of the buyback program has been compiled. This breakdown aims to provide clarity on each transaction, including timestamps, share counts, and prices per share.
The Company believes it is essential to share this information to enhance understanding of the trading processes involved in the acquisition of ordinary shares, reaffirming its commitment to transparent communication with shareholders and market participants.
Contact Information for the Company
For further inquiries or clarifications regarding the recent transaction or other corporate matters, interested parties are encouraged to reach out directly to:
PayPoint plc
Nick Wiles, Chief Executive Officer
Mobile: 07442 968960
Rob Harding, Chief Financial Officer
Mobile: 07525 707970
FGS Global
Rollo Head
James Thompson
Telephone: 0207 251 3801
Investec Bank plc
Carlton Nelson
Henry Reast
Telephone: 0207 597 5970
Frequently Asked Questions
What is the total number of shares purchased by PayPoint plc?
PayPoint plc purchased a total of 2,002 ordinary shares through Investec Bank plc.
What is the intention behind the cancellation of purchased shares?
The cancellation of the purchased shares is aimed at optimizing the Company's capital structure and enhancing the value for remaining shareholders.
What was the range of prices per share during this transaction?
The lowest price per share was recorded at 699.00 pence, while the highest price reached 704.00 pence.
Who can use the total figure of 72,342,171 ordinary shares?
This figure may be utilized by shareholders and others obligated to notify changes in their interests under the FCA's rules.
How can stakeholders contact PayPoint plc for inquiries?
Stakeholders can contact Nick Wiles (CEO) or Rob Harding (CFO) directly for any queries related to the Company.
