PayPoint plc: Notable Transactions in Company Shares Announced
PayPoint plc Announces Recent Transactions in Company Shares
PayPoint plc, commonly referred to as PayPoint, has made noteworthy transactions involving the purchase of its own shares through Investec Bank plc. These actions signify a strategic move within PayPoint's financial management, highlighting its commitment to shareholder value and proactive market engagement.
Overview of the Share Purchase
The company proudly reports the acquisition of a total of 11,281 ordinary shares, where each share is valued at £0.00333. This move reflects PayPoint's ongoing strategy to improve its stock performance and bolster investor confidence.
Details of the Transactions
The particulars of the transactions are outlined below:
- Date of Purchase: December 9, 2024
- Number of Shares Purchased: 11,281
- Lowest Price per Share: 804.00 pence
- Highest Price per Share: 819.00 pence
- Average Price: 809.9525 pence
Future Plans for Acquired Shares
Following this acquisition, PayPoint plc intends to cancel the purchased shares. This cancellation strategy illustrates PayPoint's approach to enhancing earnings per share and delivering value directly back to its investors.
Current Share Capital Overview
As of this announcement, PayPoint plc holds a total share capital of 71,690,159 ordinary shares, each priced at 1/3 pence. It is essential for shareholders and several stakeholders to note that each ordinary share confers voting rights in all corporate matters at general meetings. Notably, the company does not retain any treasury shares.
Buyback Program Context
PayPoint's active buyback program allows for transparency regarding share ownership changes, reinforcing its commitment to compliance per the FCA’s Disclosure Guidance and Transparency Rules. By carefully managing its share count, PayPoint aims to optimize capital structure and engage effectively with the marketplace.
Highlights from Individual Transactions
In line with regulatory requirements, a detailed breakdown of individual trades executed on behalf of PayPoint by Investec is available for analysis. These insights offer a greater understanding of PayPoint's strategic market maneuvers and financial health.
Aggregate Transaction Insights
The buyback had the following aggregate insights:
- Trading Venue: XLON
- Volume-Weighted Average Price: 809.9525 pence
- Aggregated Volume: 11,281 shares
Investor Relations
For those interested in further information about PayPoint plc and its ongoing strategies, the company encourages reaching out through designated contacts:
PayPoint plc
Nick Wiles, CEO
Mobile: 07442 968960
Rob Harding, CFO
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 PayPoint's own share transactions?
These transactions are part of PayPoint plc's strategy to enhance shareholder value through share buybacks, reducing the number of shares in circulation.
How many shares did PayPoint plc buy back recently?
PayPoint plc recently purchased a total of 11,281 ordinary shares as part of its buyback program.
What are the price points for the shares purchased?
The shares were bought at a price range of 804.00 pence as the lowest to 819.00 pence as the highest during the purchase.
Will the purchased shares be retained?
No, the purchased shares are intended to be canceled as part of PayPoint's financial strategy.
Who should I contact for more information about PayPoint's fiscal strategies?
You can reach out to Nick Wiles, CEO or Rob Harding, CFO, through the provided contact information for detailed queries.
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