PayPoint plc (LSE:PAY) announces a share repurchase program. Under the program, the company has entered into irrevocable, non-discretionary instructions with Investec Bank plc to repurchase up to £20 million worth of company's shares. The maximum number of shares which may be purchased by the company under the program is 7,257,609 and is conditional on the renewal of such authority at the Company's 2024 annual general meeting, to be held on August 1, 2024.The sole purpose of the program is to reduce the share capital of the company.

The shares repurchased under the program will be cancelled. The program will expire on June 30, 2025.