PayPoint plc Completes a Significant Share Buyback Transaction
PayPoint plc Share Buyback Announcement
On a recent date, PayPoint plc embarked on a strategic initiative by purchasing its ordinary shares through Investec Bank plc. This move reflects the company's commitment to strengthening its shareholder value.
Overview of the Transaction
PayPoint plc has successfully acquired a total of 10,956 ordinary shares valued at £0.00333 each. The shares were purchased at varying prices, indicating a strategic buyback approach by the management team.
Price Dynamics
The purchase saw shares traded with a lowest price per share set at 664.00 pence, while the highest transaction price reached 672.00 pence, demonstrating significant market engagement.
Average Pricing Across Transactions
The weighted average price per share calculated during this transaction stood at 667.6969 pence. This average illustrates the disciplined purchasing strategy employed by the company.
Future Plans for the Purchased Shares
Following the acquisition, PayPoint intends to cancel the purchased shares permanently. This decision aligns with its long-term objective to enhance share value for its stakeholders.
Current Share Capital Structure
As of the announcement date, PayPoint plc has a share capital amounting to 72,134,688 ordinary shares of 1/3 pence each. Each of these shares grants the holder one vote at general meetings, solidifying shareholder participation in governance.
Determining Interest Notifications
Shareholders and other entities with notification obligations can utilize the total share figure of 72,134,688 as a denominator. This aids in determining their need to report on interests in the company under the FCA's Disclosure Guidance and Transparency Rules.
Details on the Buyback Programme
The announcement also includes a wealth of details related to the buyback programme’s structure, showcasing the transactions completed by Investec on behalf of PayPoint plc.
Transaction Highlights
The transactions reflected a strategic buying pattern, splitting across different timings and share quantities, affording investors a clear view of management’s operations during the buyback period.
Contact Information for Stakeholders
For those looking for more insights or details regarding this transaction, PayPoint plc has made avenues for communication with its executive team. Key contacts include:
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 by PayPoint plc?
The buyback is intended to enhance shareholder value and signal confidence in the company’s future prospects.
How many shares were purchased during this transaction?
A total of 10,956 ordinary shares were acquired through this buyback initiative.
What are the price ranges observed during the share buyback?
The shares were purchased at a lowest price of 664.00 pence and a maximum price of 672.00 pence.
Will the purchased shares remain in circulation?
No, PayPoint plc plans to cancel the shares permanently, thus reducing overall share capital.
Who can be contacted for more information regarding the transaction?
For further insights, Nick Wiles (CEO) and Rob Harding (CFO) at PayPoint are available for inquiries.
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