PayPoint plc Shares Buyback Update
PayPoint plc
("PayPoint" or the "Company")
PayPoint plc is pleased to announce important updates regarding its recent share buyback program. The Company has successfully acquired a number of its ordinary shares, a strategic decision that underscores its commitment to enhancing shareholder value.
Details of the Share Purchase
Recently, the Company purchased ordinary shares at a price of £0.00333 each. A total of 1,644 shares were acquired through Investec Bank plc, aligning with the Company's ongoing strategy to optimize its share distribution. Here are the key details of the share purchases:
Purchase Summary
On August 30, 2024, PayPoint executed 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 plans to cancel the shares it has purchased, reflecting a focused approach to managing its capital structure.
Insights from Aggregate Purchases
As part of this buyback initiative, PayPoint has provided insights into the aggregate information of the shares acquired. Here’s a summary 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 compliance with regulations, below is a detailed breakdown of the individual trades carried out 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
If you have any questions or need more information about the buyback program, please contact:
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 allows PayPoint to repurchase its own shares from the market, with the goal of increasing shareholder value.
How many shares did PayPoint buy back?
PayPoint bought back a total of 1,644 shares as part of the buyback program.
What were the prices of the shares purchased?
The shares were acquired at prices ranging from 671.00 pence to 688.00 pence, with an average price of around 683.64 pence.
What happens to the shares that are bought back?
The Company plans to cancel the shares it has repurchased, which will decrease the total number of shares in circulation.
Who should I contact for more information?
For additional details, you can reach out to PayPoint's CEO Nick Wiles or CFO Rob Harding using the contact information provided.
