PayPoint's Recent Share Buyback Activity
Transaction in Own Shares by PayPoint plc
PayPoint plc has recently taken a strategic step in the market by purchasing a significant number of its ordinary shares. This decision reflects the company's commitment to enhancing shareholder value and demonstrates its confidence in the ongoing performance and future potential of the business.
Details of the Share Purchase
The shares were acquired through Investec Bank plc, a well-known investment bank, indicating that PayPoint is leveraging reputable financial expertise for this transaction. The specific details of the acquisition are as follows:
Key Information of the Transaction
The purchase, which occurred on a recent date, involved a total of 2,163 ordinary shares priced at various points throughout the trading day. The lowest price per share was recorded at 675.00 pence, while the highest reached 695.00 pence. These transactions reflect an average weighted price of approximately 683.61 pence.
Intent to Cancel Shares
In line with the company's strategy, it intends to cancel the shares purchased. This move aims to reduce the total number of shares in circulation, thereby potentially increasing the value of the remaining shares and benefiting existing shareholders.
Detailed Trading Data
PayPoint has maintained detailed records of each individual transaction as part of their buyback program. These records include significant trade information such as the date and time of the transaction, the volume of shares purchased, and the corresponding trading venue. Understanding this data is crucial for investors who wish to track the company's trading behavior and performance.
Buyback Programme Overview
As part of their buyback programme, PayPoint has openly shared a comprehensive breakdown of transactions which include multiple trades executed throughout the trading day. These detailed transactions provide insight into how the company is managing its capital and adjusting its financial strategy to enhance shareholder returns.
Contact Information for Inquiries
If you have further inquiries or seek additional information about PayPoint's operations or recent transactions, you can reach out to the company's leadership:
PayPoint plc
Nick Wiles, Chief Executive Officer
Mobile: 07442 968960
Rob Harding, Chief Financial Officer
Mobile: 07525 707970
FGS Global
Contact Rollo Head or James Thompson at
Telephone: 0207 251 3801
Investec Bank plc
Contact Carlton Nelson or Henry Reast at
Telephone: 0207 597 5970
Frequently Asked Questions
What is the purpose of PayPoint's share buyback?
PayPoint's share buyback aims to increase shareholder value and reduce the total shares in circulation, potentially raising the price of remaining shares.
How many shares did PayPoint buy?
PayPoint purchased 2,163 ordinary shares through its buyback program.
What was the weighted average price per share during the buyback?
The weighted average price per share during the buyback was approximately 683.61 pence.
Who managed the share purchase for PayPoint?
The share purchase was managed by Investec Bank plc, which is known for its investment banking services.
What does the cancellation of shares mean for shareholders?
Cancelling shares typically reduces the share count, which can lead to an increase in the value of remaining shares for shareholders.
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