PayPoint plc's Strategic Share Buyback Initiative Overview
Strategic Insights into PayPoint plc's Share Buyback Initiative
In a bold move today, PayPoint plc has made waves in the financial community by announcing a significant purchase of its own shares. This initiative is not just a routine transaction; it aims to strengthen the company's market position and deliver value to its shareholders.
Key Details of the Share Purchase
Through its collaboration with Investec Bank plc, PayPoint plc has successfully acquired a total of 12,588 ordinary shares, issuing each at a value of £0.00333. This acquisition reflects a robust strategy as the company looks to optimize its share capital and enhance shareholder returns.
Purchase Date and Price Analysis
The shares were acquired on the 18th of September. The analysis of purchase prices reveals a solid understanding of market dynamics:
- Lowest price per share: 662.00 pence
- Highest price per share: 669.00 pence
- Weighted average price: Approximately 667.84 pence
This structured approach to share acquisitions showcases the management's commitment to wealth creation for its investors.
Impact on Share Capital and Transparency
Following this acquisition, PayPoint's share capital consists of 72,237,196 ordinary shares, each with voting rights in all corporate decisions. Importantly, the company does not maintain any shares in Treasury. This is crucial for shareholders and stakeholders as it allows for continuous engagement and representation in company matters.
Denominator for Calculating Shareholding Interests
The aforementioned number of shares is essential for shareholders and those obligated to report their interests under the FCA's Disclosure Guidance and Transparency Rules. It serves as the denominator that guides when particular notifications are required.
Insights on the Buyback Program
The encapsulated details in the buyback program indicate a strategic focus. The information provides insights into market engagement and serves as a guide for investor actions moving forward.
Aggregate Information Summary
- Venue: XLON
- Aggregated volume: 12,588 shares
- Volume-weighted average price: 667.8422 pence
- Lowest price per share: 662.00 pence
- Highest price per share: 669.00 pence
Understanding Individual Transactions
According to Article 5(1)(b) of the Market Abuse Regulation, PayPoint has diligently documented each transaction made by Investec on behalf of the company during this buyback initiative. Each trade's details, including timestamps, number of shares bought, and trading venue, has been outlined for transparency and regulatory adherence.
A Brief Breakdown of Notable Transactions
The following table summarizes individual transactions that provide a clear transparency matrix:
Date and Time | Shares Purchased | Price (pence) |
---|---|---|
18 September 2024 11:15:26 | 113 | 668.00 |
18 September 2024 11:15:26 | 339 | 668.00 |
18 September 2024 11:15:26 | 113 | 668.00 |
The proactive approach highlighted in these transactions establishes a clear framework for future engagements in the trading space.
Company Contact Information
For further clarity and inquiries regarding this share buyback initiative, interested parties can reach out to:
PayPoint plc Contacts:
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 recent share buyback?
The share buyback aims to strengthen the company's market position and deliver value to shareholders.
How many shares did PayPoint purchase?
PayPoint purchased a total of 12,588 ordinary shares.
What was the highest price during the buyback period?
The highest price per share during the buyback was 669.00 pence.
Who facilitated the share buyback program for PayPoint?
The share buyback program was facilitated by Investec Bank plc.
How many shares are currently in PayPoint's capital?
Currently, PayPoint has a share capital consisting of 72,237,196 ordinary shares.
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