PayPoint plc's Strategic Share Buyback Program Update
PayPoint plc Announces Share Buyback Update
PayPoint plc
("PayPoint" or the "Company")
PayPoint plc is excited to share significant updates concerning its recent share buyback program. The Company has successfully purchased a number of its ordinary shares, which is a strategic move reflecting its commitment to enhancing shareholder value.
Details of the Share Purchase
The Company's recent acquisition involved ordinary shares priced at £0.00333 each. A total of 1,644 shares were purchased through Investec Bank plc, contributing to the Company's ongoing strategy of optimizing its share distribution. Below are the essential details of the share purchases:
Purchase Summary
On August 30, 2024, PayPoint experienced transactions with the following details:
- Lowest Price per Share: 671.00 pence
- Highest Price per Share: 688.00 pence
- Weighted Average Price: 683.64 pence
The Company intends to cancel the purchased shares, demonstrating a focused approach to its capital structure management.
Insights from Aggregate Purchases
As part of this buyback initiative, PayPoint has detailed insights into the aggregate information of the shares purchased. Here’s a snapshot of the aggregate trading volumes:
Venue | Volume-Weighted Average Price (p) | Aggregated Volume | Lowest Price per Share (p) | Highest Price per Share (p) |
---|---|---|---|---|
XLON | 683.64 | 1,644 | 671.00 | 688.00 |
Individual Transaction Breakdown
In accordance with regulations, below is a detailed breakdown of the individual trades executed by Investec on behalf of the Company:
Date and Time of Trade | Number of Shares Purchased | Price (pence per share) | Trading Venue | Transaction Reference Number |
---|---|---|---|---|
30 August 2024 08:05:01 | 117 | 671.00 | XLON | 00295628154TRLO1 |
30 August 2024 09:45:55 | 216 | 676.00 | XLON | 00295684129TRLO1 |
30 August 2024 11:29:00 | 119 | 681.00 | XLON | 00295777317TRLO1 |
30 August 2024 12:27:56 | 64 | 683.00 | XLON | 00295778826TRLO1 |
30 August 2024 15:39:58 | 116 | 688.00 | XLON | 00295784068TRLO1 |
Further Information and Contact Details
For any inquiries or additional information regarding the buyback program, please 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
What is PayPoint plc's share buyback program?
The share buyback program is a method PayPoint uses to purchase its own shares from the market, aimed at increasing shareholder value.
How many shares did PayPoint buy back?
PayPoint purchased a total of 1,644 shares through the buyback program.
What were the prices of the shares purchased?
The shares were purchased between 671.00 pence and 688.00 pence, with an average price of approximately 683.64 pence.
What happens to the shares that are bought back?
The Company intends to cancel the shares that were bought back, reducing the total number of shares in circulation.
Who should I contact for more information?
For further details, you can reach out to PayPoint's CEO Nick Wiles or CFO Rob Harding via the provided contact information.
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