1st Jul 2026 13:33
PayPoint PLC - Welwyn Garden City, England-based payment services - Start third tranche of its share buyback programme on Wednesday. The tranche, worth GBP25 million, will be run by Investec Bank PLC and completed by March 31, 2027. The repurchased shares will be cancelled. The buyback is part of PayPoint's plan to return at least GBP30 million per year to shareholders through March 2028 to reduce its share total by at least 20%. PayPoint noted it already has returned GBP5 million in financial 2027 through buybacks, meaning the total for the year will meet its target of GBP30 million.
Current stock price: 575.00, up 0.3% on Wednesday afternoon in London
12-month change: down 38%
By Tom Waite, Alliance News editor
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