PayPoint's Recent Block Listing Review: Key Insights Revealed
Overview of PayPoint's Block Listing Return
PayPoint plc is committed to transparency and compliance as demonstrated in its recent block listing return. This document outlines essential information regarding their ongoing share incentive programs and details the current status of unallotted securities available to shareholders.
Details of the Company
PayPoint plc engages in facilitating payment services and providing a variety of value-added services across the United Kingdom. Their innovative approach has allowed them to maintain a strong position within the market, continually adapting to the evolving needs of consumers and businesses alike.
Incentive Plans Overview
PayPoint has implemented several incentive plans that benefit both its employees and shareholders. The schemes include:
1. PayPoint plc Share Incentive Plan
This scheme allows employees to buy shares in the company, promoting long-term investment and engagement in PayPoint's success.
2. Deferred Bonus Plan
This plan focuses on rewarding employees based on performance, with bonuses deferred to encourage commitment and loyalty to the company.
3. Long Term Incentive Plan
Offering key executives and employees a stake in the company ensures that their goals align with those of shareholders.
4. Executive Share Plan
This plan is designed to attract and retain top talent, with a history of restructuring to meet changing business needs.
Shared Securities Overview
As part of the recent block listing return, the balance of unallotted securities and shares issued during the period provide insight into PayPoint's operations:
Unallotted Securities from Previous Returns
From the previous return, PayPoint retained a balance of:
- 357,246 ordinary shares of 1/3p each
- 223,825 ordinary shares of 1/3p each
- 157,903 ordinary shares of 1/3p each
- 169,993 ordinary shares of 1/3p each
Changes in Securities
There were no increases applied to the block schemes since the last return, maintaining the stability of the offered shares.
Securities Issued During the Period
During this review period, PayPoint issued a total of:
- 14,431 ordinary shares of 1/3p each
- No shares from the second and third schemes
- 6,594 ordinary shares of 1/3p each from the fourth scheme
Outstanding Securities
At the end of the period, outstanding securities not yet issued or allotted included:
- 342,851 ordinary shares of 1/3p each
- 223,825 ordinary shares of 1/3p each
- 157,903 ordinary shares of 1/3p each
- 163,399 ordinary shares of 1/3p each
Inquiries and Contact Information
For further information regarding this block listing return, please contact:
PayPoint Plc
Julia Herd, on behalf of Indigo Corporate Secretary Limited, Company Secretary
Phone: +44 (0)7542031173
Please note that PayPoint's Legal Entity Identifier (LEI) is 5493004YKWI8U0GDD138, which is important for identification in financial transactions and reporting.
Frequently Asked Questions
What is a block listing return?
A block listing return provides detailed information on unallotted securities and shares that are available under incentive schemes.
Who can benefit from PayPoint’s Share Incentive Plan?
Employees eligible for the plan can purchase shares, which aids in building loyalty toward the company while offering them an investment opportunity.
How does the Deferred Bonus Plan work?
Bonuses are awarded based on performance but are held back to encourage employees to stay with the company longer.
What happens to unissued shares in the incentive plans?
Unissued shares remain available for future allocation under the various incentive schemes, which compensates employees and aligns their performative goals with shareholders.
How often is the block listing review conducted?
Block listing reviews are periodically conducted, generally every six months, to ensure compliance and transparency in reporting.
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