PayPoint Reports Recent Buyback Activity and Share Insights
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Understanding PayPoint's Recent Share Transactions
PayPoint plc continues to demonstrate its commitment to enhancing shareholder value through strategic share buybacks. This initiative reflects the Company’s proactive approach in managing its capital structure and optimizing its shareholding strategy.
Details of the Share Transactions
Recently, PayPoint announced the purchase of 9,785 ordinary shares at varying prices, showcasing a commitment to its share buyback program. Here’s a closer look at the key details:
Transaction Overview
The recent acquisition occurred via Investec Bank plc, reflecting a dynamic response to market conditions. The lowest price per share was recorded at 668.00 pence, while the highest reached 681.00 pence, with an aggregate purchase price reflecting a weighted average of 675.1125 pence.
Current Share Structure
As of this announcement, PayPoint’s share capital comprises a total of 72,334,180 ordinary shares. Every share grants one vote during general meetings, underlining the importance of shareholder engagement within the Company’s governance.
Impact on Shareholding Calculations
Shareholders and those with notification obligations must consider this share count as the denominator for determining if further notifications under the FCA's Disclosure Guidance and Transparency Rules are required.
Strategic Intentions
PayPoint intends to cancel the shares acquired under the recent buyback initiative. This move aligns with the Company’s objective to enhance per-share earnings and returns for existing shareholders.
Aggregate Transaction Insights
The buyback initiated through Investec highlighted significant trading venues with specific pricing activities. Below is a recap of the aggregate data:
Transaction Breakdown
All transactions were executed in the XLON trading venue, reflecting volume-weighted average prices as detailed:
- Volume-weighted average price: 675.1125 pence
- Aggregated volume: 9,785 shares
- Lowest price per share: 668.00 pence
- Highest price per share: 681.00 pence
Individual Transaction Highlights
To comply with regulatory obligations, a full breakdown of individual trades made on behalf of PayPoint will be reported, ensuring transparency and accountability in all share trading activities.
Contact Information
For further inquiries or detailed discussions regarding this transaction, stakeholders can reach:
PayPoint plc
Nick Wiles, Chief Executive Officer
Mobile: 07442 968960
Rob Harding, Chief Financial Officer
Mobile: 07525 707970
FGS Global
Contact: Rollo Head, James Thompson
Telephone: 0207 251 3801
Investec Bank plc
Contact: Carlton Nelson, Henry Reast
Telephone: 0207 597 5970
Frequently Asked Questions
What is the purpose of PayPoint's share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of shares in circulation, which can potentially increase earnings per share.
How many shares did PayPoint buy back recently?
PayPoint recently announced the purchase of 9,785 ordinary shares.
What was the highest price per share during the buyback?
The highest price per share recorded was 681.00 pence during the recent buyback transactions.
Who is handling PayPoint's share buyback transactions?
Investec Bank plc was responsible for executing the recent share buyback transactions on behalf of PayPoint.
What is PayPoint's total share capital?
As of now, PayPoint's total share capital consists of 72,334,180 ordinary shares of 1/3 pence each.
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