PayPoint PLC Announces Share Buyback and Cancellation
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PayPoint PLC announced the repurchase and cancellation of 32,140 ordinary shares, priced between 440.50p and 460.00p, with a weighted average of 444.9387p. This action impacts its share capital, now totaling 63,018,588 shares, and is part of a strategy to manage capital structure and enhance shareholder value. The latest analyst rating for GB:PAY is Hold with a £471.00 price target. PayPoint operates in financial services, focusing on payment solutions. Current market cap is £290.5M, with technical sentiment signaling Sell.
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