PayPoint plc Announces Share Buyback Details
Share Buyback Announcement
PayPoint plc has made a significant step in its strategy to enhance shareholder value by announcing the purchase of its ordinary shares through Investec Bank plc. This decision is part of the company's buyback program and is aimed at optimizing its capital structure.
Overview of the Share Buyback
The company purchased a total of 2,182 ordinary shares at a nominal value of £0.00333 each. The initiation of this buyback program reflects PayPoint's commitment to returning capital to shareholders while managing its balance sheet effectively. The market responses to such initiatives can be positive, reflecting investor confidence.
Details of the Transactions
Key details regarding the recent transactions include:
Date of purchase: 27th August 2024
Aggregate number of ordinary shares purchased: 2,182 shares
Lowest price per share (pence): 700.00
Highest price per share (pence): 705.00
Weighted average price per day (pence): 702.3057
Cancellation of Purchased Shares
Following the acquisition, the company intends to cancel the purchased shares. This move is strategic for maintaining the efficiency of the company’s capital and ensuring the integrity of earnings per share for existing shareholders.
Aggregate Purchase Information
Below is a summary of the aggregated purchase information as part of the buyback program:
Venue: XLON
Volume-weighted average price: 702.3057
Aggregated volume: 2,182 shares
Lowest price per share: 700.00
Highest price per share: 705.00
Individual Trade Breakdown
In compliance with the Market Abuse Regulation, PayPoint plc provides a detailed breakdown of each individual trade executed through Investec:
Each individual transaction can provide valuable insight into trading dynamics and investor sentiment. These transactions highlight the varying prices at which shares were acquired throughout the trading day, showcasing the liquidity and volatility of stock performance on the market.
Company Contact Information
For further information, investors and stakeholders can reach out 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 purpose of the share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of outstanding shares, which can improve earnings per share and return excess cash to shareholders.
What are the benefits of canceling the purchased shares?
Cancelling the purchased shares is beneficial as it helps maintain an efficient capital structure, potentially leading to increased share value for remaining shareholders.
How many shares did PayPoint plc purchase in total?
PayPoint plc purchased a total of 2,182 ordinary shares through Investec Bank plc.
What was the price range for the shares bought?
The shares were purchased at a lowest price of 700.00 pence and a highest price of 705.00 pence during this transaction.
Who can I contact for more information about PayPoint plc?
For more information, you can contact Nick Wiles (CEO) or Rob Harding (CFO) at PayPoint plc, or reach out to their contact at FGS Global or Investec Bank plc.
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