PayPoint PLC's Share Buyback Program Details Unveiled
PayPoint PLC's Commitment to Shareholders
PayPoint PLC recently made a significant announcement regarding its share buyback program. The company has acquired a notable number of ordinary shares through its partnership with Investec Bank plc. This strategic move showcases PayPoint's commitment to enhancing shareholder value.
Details of the Share Purchase
The purchases were made on September 6, 2024, and included a total of 12,373 ordinary shares, each valued at £0.00333. The lowest purchase price was recorded at 659.00 pence per share, while the highest reached 670.00 pence, with an average price of approximately 662.25 pence per share. The company plans to cancel these shares post-acquisition.
Understanding the Share Structure
As of the latest report, PayPoint's share capital is composed of 72,334,180 ordinary shares. Each share holds a voting right at the company’s general meetings and there are no shares currently held in Treasury. This structure means shareholders and relevant parties can utilize the total number of shares as a reference for their calculations concerning ownership notifications under regulatory rules.
Buyback Program Objectives
Conducting a buyback program is often regarded as a sign of financial health and confidence by a company. For PayPoint, this approach not only aims to return value to shareholders but also reflects a proactive strategy to adjust capital structure efficiently. By buying back shares, they reduce the number of shares in circulation, which could potentially increase earnings per share and provide a positive signal to the market.
Summary of Individual Transactions
In accordance with regulatory requirements, PayPoint has also shared a detailed breakdown of individual transactions performed as part of the buyback program. Each purchase was meticulously documented, highlighting the trading venue, transaction references, and the volume of each trade.
Here’s a quick overview of notable transactions:
- Transaction at 08:45:39 - 116 shares at 670.00 pence
- Transaction at 09:03:38 - 38 shares at 668.00 pence
- Transaction at 11:10:32 - 82 shares at 662.00 pence
- Transaction at 15:28:06 - 120 shares at 660.00 pence
Contact Information for More Details
For those interested in learning more about the share buyback program, PayPoint PLC encourages reaching out directly:
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 program?
The buyback program aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share.
When were the shares bought back?
The shares were acquired on September 6, 2024.
How many shares did PayPoint buy back?
PayPoint purchased a total of 12,373 ordinary shares.
What were the price ranges for the bought back shares?
The lowest price was 659.00 pence, and the highest was 670.00 pence per share.
Who can I contact for more information about the buyback?
You can contact Nick Wiles, the CEO of PayPoint PLC, or the Investment relations team for further inquiries.
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