PayPoint plc Announces Share Buyback Activity Details
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PayPoint plc's Share Buyback Initiative
In a significant move geared towards enhancing shareholder value, PayPoint plc has announced share buyback details. This initiative reflects the company's commitment to optimizing its capital structure and returning value to its shareholders.
Details of the Share Purchase
PayPoint plc has executed a share buyback through Investec Bank plc. This action demonstrates the company’s confidence in its ongoing performance and strategic direction.
Ordinary Shares Overview
As part of this transaction, on September 2, 2024, PayPoint acquired a total of 9,405 ordinary shares, each valued at £0.00333. Investors can take note of the financial metrics pertaining to these transactions:
- Lowest Price per Share: 681.00 pence
- Highest Price per Share: 688.00 pence
- Weighted Average Price: 684.5227 pence
Purpose and Future Plans
The primary objective of this buyback is to cancel the purchased shares, thereby reducing the number of shares in circulation, which may create upward pressure on the share price due to scarcity. By executing this program, PayPoint is strategically positioning itself to enhance overall shareholder returns while showcasing its financial strength.
Aggregate Share Purchase Data
The company has provided a comprehensive overview of the buyback, including a detailed breakdown of individual transactions. This transparency is vital for shareholders as it keeps them informed about the company's financial maneuvers and strategic decisions.
Aggregate Summary
Here’s a consolidated view of the buyback activity, underlining the trading venue and volume-weighted average price:
Venue | Volume-weighted Average Price (pence) | Aggregated Volume |
---|---|---|
XLON | 684.5227 | 9,405 |
Such measures are increasingly recognized as effective means of returning capital to shareholders and reflecting a company’s confidence in its future prospects.
Contact Information
For investors seeking additional information regarding these actions, PayPoint plc encourages direct communication with the executive team:
PayPoint plc Contacts:
Nick Wiles, Chief Executive Officer
Mobile: 07442 968960
Rob Harding, Chief Financial Officer
Mobile: 07525 707970
FGS Global Contacts:
Rollo Head
James Thompson
Telephone: 0207 251 3801
Investec Bank plc Contacts:
Carlton Nelson
Henry Reast
Telephone: 0207 597 5970
Frequently Asked Questions
What was the purpose of the share buyback by PayPoint plc?
The share buyback aims to reduce the number of shares in circulation, enhancing shareholder value and reflecting the company's confidence in its strategic direction.
How many shares did PayPoint plc buy back?
PayPoint plc purchased a total of 9,405 ordinary shares during this buyback transaction.
What prices were involved in the buyback?
The lowest price per share was 681.00 pence, with a highest price of 688.00 pence, and a weighted average price of 684.5227 pence.
Who should investors contact for more information on the buyback?
Investors are encouraged to reach out to Nick Wiles (CEO) or Rob Harding (CFO) at PayPoint plc for detailed inquiries regarding the share buyback.
What does share cancellation involve?
Share cancellation refers to the company removing the purchased shares from circulation, ultimately increasing the value of remaining shares by reducing supply.
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