01 July 2026
PayPoint plc
Share Buyback Programme
Commencement of Third Tranche
PayPoint plc ("PayPoint" or the "Company") today announces the commencement of the third tranche of its share buyback programme (the "Buyback Programme").
In line with the Company's previously announced intention to return at least £30 million per annum to shareholders until the end of March 2028, targeting a reduction in the Company's equity base of at least 20% over the period, the Company intends to purchase ordinary shares of £0.003611 each in the capital of the Company ("Ordinary Shares") for an aggregate maximum consideration of £25 million (the "Third Tranche").
As at 30 June 2026, the Company had returned £50 million through the first and second tranches of the Buyback Programme, with 7,860,645 Ordinary Shares purchased for cancellation and, together with the Company's share consolidation, shares in issue reduced by 17.7%. Of this £50 million, £5 million was returned during FY27 and, together with the Third Tranche, is expected to bring total FY27 shareholder returns through share buybacks to £30 million.
The Third Tranche will commence on 1 July 2026 and will end no later than 31 March 2027. The sole purpose of the Buyback Programme is to reduce the share capital of the Company and, accordingly, any Ordinary Shares purchased under the Third Tranche will be cancelled.
The Company has entered into renewed irrevocable, non-discretionary instructions with Investec Bank plc ("Investec") to conduct the Third Tranche on its behalf and to make trading decisions under the Buyback Programme independently of PayPoint. Any purchase of Shares under the Third Tranche will take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volumes.
The Third Tranche of the Buyback Programme will be effected under the general authority to repurchase Ordinary Shares granted by the Company's Shareholders at the Company's 2025 annual general meeting (and subject to renewed authority at the Company's 2026 annual general meeting) and in accordance with Chapter 9 of the UK Financial Conduct Authority's Listing Rules, and Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052 (both as they form part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), including where relevant pursuant to the UK Market Abuse Regulation.
Any purchase of Shares pursuant to the Buyback Programme will be announced by no later than the end of the 7th daily market session following the calendar day on which such transaction occurred.
The Takeover Panel has reconfirmed that, under Rule 37.1 of the Takeover Code and the notes to that Rule, Asteriscos Patrimonial SL should continue to be treated as an "innocent bystander" and will not therefore be required to make an offer under Rule 9 as a result of any increase in its holding caused by such a buyback.
As at the date of this announcement, the Company's issued share capital consists of 59,862,665 Ordinary Shares. Each Ordinary Share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not hold any Ordinary Shares in treasury.
Enquiries
Nick Wiles, Chief Executive Officer Mobile: 07442 968960 Rob Harding, Chief Financial Officer Mobile: 07525 707970
FGS Global
Rollo Head James Thompson Telephone: 0207 251 3801
Investec Bank plc
Carlton Nelson Henry Reast Telephone: 0207 597 5970
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