IN BRIEF: PayPoint begins up to GBP30 million second buyback tranche

Tue, 01st Jul 2025 11:11

PayPoint PLC - Hertfordshire, England-based payments and retail technology group - Launches second tranche of buyback programme, purchasing up to GBP30 million in shares, with the scheme ending no later than March 31 next year. The buyback will be run by Investec, with the latest tranche following the initial GBP20 million tranche completed on Monday this week. Last month, PayPoint said intends to increase and extend its share buyback programme, returning at least GBP30 million per year to shareholders until the end of March 2028. It is targeting a a minimum reduction in its equity base of 20%.

Current stock price: 853.00 pence, up 0.7% on Tuesday morning in London

12-month change: up 33%

By Christopher Ward, Alliance News reporter

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