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LONDON - PayPoint plc announced Wednesday that several company executives, including Chief Executive Officer Nicholas Wiles and Chief Financial Officer Rob Harding, have reinvested their dividends to purchase additional company shares through the PayPoint Share Incentive Plan (SIP).
According to a company statement, the second installment of the final dividend paid on September 26 was used to purchase ordinary shares on September 29 at a price of £6.79 per share. CEO Nicholas Wiles acquired 41 dividend shares, while CFO Rob Harding purchased 15 shares.
The announcement also detailed a separate transaction by Julian Coghlan, a Person Discharging Managerial Responsibilities (PDMR), who acquired 86 partnership shares worth £584.28 and was awarded 86 matching shares under the company’s Share Incentive Plan.
In total, 13 company executives participated in the dividend reinvestment program, collectively purchasing shares worth approximately £3,401.77 through the SIP.
The transactions were executed by Howells Trustee Limited, acting as trustee of the PayPoint Plc SIP Trust, on behalf of the plan participants.
PayPoint made the disclosure in accordance with UK Market Abuse Regulation requirements, which mandate transparency for transactions by company insiders.
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