PayPoint plc Updates on Managerial Shareholdings Activity
PayPoint plc and Shareholder Engagement
PayPoint plc is a significant player in providing payment services across various sectors, continuously striving to enhance its shareholder value through transparency and regular updates. Recently, the company has made noteworthy strides regarding its managerial shareholdings. This update sheds light on the acquisitions and awards under its Share Incentive Plan (SIP), which facilitates the alignment of interests between employees and shareholders.
Details of Share Acquisitions
On a recent date, vital transactions took place under the SIP for Participants Discharging Managerial Responsibilities (PDMRs), which included several executive directors. This initiative allows eligible employees to acquire shares in the company, effectively participating in its growth and success.
Partnership and Matching Shares
Under the terms of the SIP, the recent acquisitions detail that candidates purchased partnership shares and were rewarded with matching shares. Specifically, two directors participated in acquiring shares at a price of £6.825 each, demonstrating their commitment towards enhancing the company's performance and value.
Transparency in Reporting
PayPoint plc adheres strictly to the UK Market Abuse Regulation, ensuring transparency in its operations by publishing notifications of transactions executed by its managerial personnel. This commitment fosters a trust-based relationship with investors and stakeholders alike.
Key Individuals in the Recent Transactions
The following executive directors made notable acquisitions through the SIP:
- Nicholas Wiles
- Rob Harding
These executives have contributed significantly to the strategic operations of PayPoint plc, and their participation in share purchases further aligns their interests with those of the broader shareholder community.
Contact Information for Inquiries
For any inquiries or further details, stakeholders can reach out to:
Julia Herd, on behalf of Indigo Corporate Secretary Limited, Company Secretary
Contact: +44 (0)7542 031173
Steve O'Neill, Corporate Affairs and Marketing Director
Contact: +44 (0)7919 488066
Frequently Asked Questions
What is the purpose of the PayPoint plc Share Incentive Plan?
The SIP is designed to encourage employee participation in the company's growth by allowing them to purchase shares, aligning their interests with those of shareholders.
Who are the key executives involved in the recent transactions?
Nicholas Wiles and Rob Harding are among the executive directors who recently participated in share acquisitions under the SIP.
What were the purchase prices of the shares acquired?
The partnership shares were acquired at a price of £6.825 each, while the matching shares were allotted at a nominal price of £0.00333.
How does PayPoint ensure transparency in its operations?
PayPoint adheres to the UK Market Abuse Regulation, providing thorough and timely reports of transactions executed by its managerial personnel.
Where can I find more information about PayPoint plc?
Further information can be found on the corporate PayPoint website or through contacting the provided corporate representatives.
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