Understanding PayPoint Plc's Voting Rights and Share Capital Details
Overview of PayPoint Plc's Voting Rights
PayPoint Plc recently announced important updates regarding its voting rights and share capital. For shareholders and market participants, it's essential to stay informed about these changes to facilitate participation in corporate governance.
Current Share Capital Structure
As of the latest report, the Company's share capital comprises a total of 71,950,736 ordinary shares, with each share valued at 1/3 pence. This means that shareholders have a direct voice in all proceedings and decisions made during general meetings. Each ordinary share held grants the right to one vote, ensuring that every shareholder has the opportunity to influence Company decisions.
Importance of Voting Rights
Voting rights are crucial for shareholders as they provide a mechanism to express their opinions on various matters, including board elections, mergers, and significant corporate decisions. The ability to vote is a fundamental aspect of shareholder democracy, making the knowledge of total voting rights vital for effective participation.
Shareholder Notification Obligations
Under the FCA's Disclosure Guidance and Transparency Rules, the announced figure of 71,950,736 shares also serves as the denominator for shareholders and others with notification obligations. This is important for determining whether they need to disclose any changes in their interest level within the Company.
How to Use the Voting Rights Information
Shareholders should utilize the total voting rights number when calculating their interest percentages. If a shareholder's stake in PayPoint Plc changes and crosses certain thresholds, they must notify the Company accordingly. Thus, it is critical to track one’s shareholding accurately.
Company Contact Information
For further inquiries or clarifications regarding the voting rights, shareholders can reach out to PayPoint Plc directly. Julia Herd, representing Indigo Corporate Secretary Limited as the Company Secretary, can be contacted at +44 (0)7542031173. Additionally, Steve O’Neill, the Chief Marketing and Corporate Affairs Officer, is reachable at +44 (0)7919 488066.
LEI Number for Reference
For those requiring additional identification of the Company, PayPoint Plc’s LEI number is 5493004YKWI8U0GDD138. This number is useful when engaging in various financial transactions or regulatory requirements.
Frequently Asked Questions
What are the total voting rights for PayPoint Plc?
The total voting rights for PayPoint Plc consist of 71,950,736 ordinary shares, each carrying one vote.
Why are voting rights important for shareholders?
Voting rights allow shareholders to influence important corporate decisions during general meetings, ensuring their voices are heard in the governance of the Company.
How can I use the voting rights number provided?
The provided number is used as a denominator for calculating your interest percentage in PayPoint Plc, which is essential for informing any changes.
Who can I contact for more information regarding voting rights?
You can contact Julia Herd at +44 (0)7542031173 or Steve O’Neill at +44 (0)7919 488066 for further inquiries.
What is the purpose of the LEI number?
The LEI number identifies PayPoint Plc in financial transactions, making it easier for regulatory compliance and monitoring purposes.
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