PayPoint's Recent Share Repurchase Strategy Overview
PayPoint Announces Recent Share Repurchase Initiative
PayPoint plc, often referred to simply as PayPoint, has taken significant steps to enhance shareholder value through a recent initiative to repurchase its ordinary shares. This decision underlines the company’s commitment to advancing its financial strategies and providing attractive returns to investors.
Details of the Share Purchase
The company reported that it successfully acquired a total of 4,349 ordinary shares, each valued at £0.00333. The share buyback was accomplished through Investec Bank plc, an established financial institution known for its investment services.
Key Purchase Metrics
The purchase took place on the 12th of September. During this transaction, shares were traded between a lowest price of 661.00 pence and a highest price of 671.00 pence. The weighted average price of these shares stood at approximately 665.94 pence.
Intent to Cancel Purchased Shares
Following the acquisition, PayPoint plc intends to cancel these purchased shares as part of its broader strategy to optimize its share capital structure.
Current Share Capital Overview
As of the most recent announcement, PayPoint maintains a share capital of 72,284,323 ordinary shares, each worth 1/3 pence. Each share carries one voting right at general meetings, allowing shareholders to exercise their influence in corporate governance matters.
Calculating Shareholder Interests
The total number of ordinary shares is critical for shareholders and other individuals or entities with notification obligations. This figure is utilized as the denominator for determining any obligations to notify changes in their interests according to the FCA's Disclosure Guidance and Transparency Rules.
Aggregate Purchase Information
In summarizing the buyback program, the table below provides detailed information regarding the transactions made.
Aggregate Information Breakdown
For the 4,349 shares acquired, the average price weighted by volume was noted at 665.94 pence across the trading venue XLON. The lowest and highest prices during this buyback were recorded as 661.00 pence and 671.00 pence, respectively.
Insights into Individual Share Transactions
In compliance with Article 5(1)(b) of the Market Abuse Regulation, a detailed breakdown of the individual trades executed by Investec Bank plc on behalf of PayPoint has been documented, showing the timing and specifics of every trade conducted.
Individual Trade Details
From 12:00 to 15:51, a series of transactions were executed at varying prices. For instance, one of the trades recorded at 12:00:04 involved the purchase of 12 shares at 667.00 pence. Another notable transaction at 15:50:51 saw the company purchasing 76 shares at 668.00 pence, showcasing the diversity and timing of the transactions carried out effectively.
Investor Relations Contact
For additional information regarding this share buyback initiative, PayPoint plc encourages interested parties to reach out to their executive team:
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 the purpose of the recent share buyback by PayPoint?
The share buyback is intended to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing share price and return on investment.
How many shares did PayPoint acquire?
PayPoint acquired a total of 4,349 ordinary shares through its recent buyback program.
What were the price ranges for the shares purchased?
The shares were purchased at prices ranging from 661.00 pence to 671.00 pence, with a weighted average price around 665.94 pence.
Who should investors contact for more information?
Investors can contact the CEO Nick Wiles or CFO Rob Harding at PayPoint plc for detailed inquiries about the shares and corporate strategies.
What is the current status of PayPoint's share capital?
As of now, PayPoint's share capital consists of 72,284,323 ordinary shares, giving each share one voting right at general meetings.
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