PayPoint plc's Recent Share Buyback: Key Details and Insights
Overview of PayPoint plc's Share Transactions
In the latest move aimed at enhancing shareholder value, PayPoint plc has made a significant investment in its own shares. The company, referred to as "PayPoint," announced the procurement of its ordinary shares valued at £0.00333 each through its appointed broker, Investec Bank plc. This decision reflects a strategic alignment to bolster investor confidence and manage its capital structure effectively.
Details of the Share Purchase
On September 13, 2024, PayPoint plc bought a total of 13,659 ordinary shares. This substantial buyback illustrates the company’s ongoing commitment to its shareholders and active management of its equity base. The share prices varied during the purchase, with the lowest recorded at 664.00 pence and the highest at 672.00 pence.
Pricing Summary
The weighted average price during this buyback was approximately 666.87 pence per share. This strategic pricing indicates an intentional approach to purchasing shares at competitive market rates, ensuring that the company effectively utilizes its capital.
Plans for the Purchased Shares
Part of the announcement included the intention to cancel the shares acquired during this buyback. This action is expected to reduce the total number of ordinary shares in circulation, which can enhance earnings per share (EPS) and improve overall shareholder value.
Understanding the Company's Share Capital
As it stands, PayPoint plc has a total share capital structure comprising 72,284,323 ordinary shares, each bearing a nominal value of 1/3 pence. Each share carries voting rights, allowing shareholders to participate actively in the governance of the company. Notably, PayPoint does not currently hold any shares in Treasury.
Implications for Shareholders
Shareholders may use the aforementioned share capital figure as a denominator for determining their shareholdings and any needed notifications under the FCA's Disclosure Guidance and Transparency Rules. This transparency is vital for maintaining an informed and engaged investor base.
Aggregate Buying Information
A comprehensive table outlines the aggregate buying details resulting from the buyback program:
Venue | Volume-weighted average price (p) | Aggregated volume | Lowest price per share (p) | Highest price per share (p) |
---|---|---|---|---|
XLON | 666.87 | 13,659 | 664.00 | 672.00 |
Individual Transactions Breakdown
As part of its compliance with regulatory guidelines, PayPoint has provided a detailed breakdown of individual trades facilitated by Investec. This transparency is crucial in assuring stakeholders of the integrity of the buyback process. Each trade includes the date, number of shares purchased, price per share, trading venue, and a reference number.
Company Contact Information
For any further inquiries regarding these transactions, 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
1. What is the purpose of the share buyback program?
The primary purpose is to enhance shareholder value by reducing the number of shares in circulation, which can raise earnings per share and improve market perception.
2. What was the aggregate number of shares purchased?
A total of 13,659 ordinary shares were bought back as part of this program.
3. How does the buyback affect existing shareholders?
The buyback can lead to increased ownership percentages for existing shareholders, potentially improving EPS and overall share value.
4. Who handled the transactions for PayPoint plc?
Investec Bank plc managed the share transactions on behalf of PayPoint plc.
5. How can shareholders confirm their interests after this buyback?
Shareholders should use the share capital figure of 72,284,323 as a reference point for any notifications required under the FCA's rules.
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