PayPoint plc Announces Share Buyback Activity
PayPoint plc (the "Company") has informed the market about its recent purchase of ordinary shares. Through Investec Bank plc, the Company has actively engaged in a share buyback program aimed at enhancing shareholder value and demonstrating confidence in its future prospects.
Transaction Details
On a designated date, PayPoint plc reported buying a total of 1,694 ordinary shares priced at various levels. The share transaction activity reflects a commitment to optimizing capital structure and providing effective returns to shareholders.
Aggregate Purchase Information
The ordinary shares purchased were conducted with precision. The lowest price recorded per share was 713.00 pence, while the highest price per share reached 719.00 pence. The weighted average price over the purchase day stood at 716.5638 pence.
Pursuing Share Cancellation
In line with its strategy, PayPoint intends to cancel the shares purchased through this buyback. This action is a part of a broader effort to streamline equity and reinforce the value of the remaining shares in circulation.
Individual Trade Breakdown
In adherence to regulatory guidelines, a detailed record of individual transactions executed during the buyback program has been issued. This transparency allows stakeholders to assess the nature of trades and the operational aspects of the buyback initiative.
Individual Transaction Insights
Each transaction was logged meticulously, covering relevant data such as the time and number of shares purchased, the individual prices for those shares, and the trading venue involved. This ensures full compliance and provides clarity for investors interested in the specifics of each trade conducted within the buyback program.
Contact Information for Inquiries
For any questions or further clarification regarding this transaction, stakeholders are invited to reach out to the designated contacts:
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 PayPoint's share buyback program?
The program aims to enhance shareholder value, streamline the equity base, and demonstrate investor confidence.
How many shares were repurchased by PayPoint plc?
A total of 1,694 ordinary shares were repurchased under this initiative.
What were the price points during the buyback transactions?
The lowest price per share was 713.00 pence, with a highest price of 719.00 pence.
What will happen to the shares acquired through buyback?
PayPoint intends to cancel the shares purchased to enhance the value of remaining shares.
Who can investors contact for more information regarding the buyback?
Investors can reach out to PayPoint's CEO and CFO or representatives from FGS Global and Investec Bank for further information.
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