PayPoint proceeds with the repurchase and cancellation of its shares

Payment point (EN:PAYMENT) released an update.

PayPoint plc has announced the purchase and subsequent cancellation of 18,588 of its own ordinary shares, with transactions being effected through Investec Bank plc. The shares were purchased at prices ranging from 637.00 pence to 653.00 pence per share, with a weighted average price of 649.4420 pence. This transaction is part of the company’s share buyback programme aimed at reducing the total number of shares in issue.

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