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IN BRIEF: PayPoint starts £25 million share buyback tranche

ALN

PayPoint PLC - Welwyn Garden City, England-based payment services - Start third tranche of its share buyback programme on Wednesday. The tranche, worth £25 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 £30 million per year to shareholders through March 2028 to reduce its share total by at least 20%. PayPoint noted it already has returned £5 million in financial 2027 through buybacks, meaning the total for the year will meet its target of £30 million.

Current stock price: 575.00, up 0.3% on Wednesday afternoon in London

12-month change: down 38%

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