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Retail payments company PayPoint (LON: PAY) has completed its 83m acquisition of gifting and engagement platform Appreciate Group. PayPoint, announced Thursday, has acquired the entire issued share capital of Appreciate Group.
The closing took place after the boards of directors of both companies agreed to the transaction in November. As part of the deal, the entire Appreciate Group team has joined PayPoint. Julian Coghlan, former interim CEO of the Appreciate Group, has joined PayPoint’s Executive Committee and will continue to lead the Appreciate business as Managing Director.
PayPoint CEO Nick Wiles said:
of acquisition
acquisition
Acquire means to acquire or possess or secure property, services, or ability. Simply put, the act or process of obtaining or obtaining. You can acquire a work of art, acquire abilities such as speaking a foreign language, acquire shares in a business or company, or acquire the services of an accountant. For example, you can buy a new car. Acquisition in its broadest sense means the act of taking ownership or possession of something.there is
Acquire means to acquire or possess or secure property, services, or ability. Simply put, the act or process of obtaining or obtaining. You can acquire a work of art, acquire abilities such as speaking a foreign language, acquire shares in a business or company, or acquire the services of an accountant. For example, you can buy a new car. Acquisition in its broadest sense means the act of taking ownership or possession of something.there is
read this term The sale was debt-free and cash-free after PayPoint sold its Romanian business for around 47m in 2020. At the time, the company emphasized its priority in its key UK market and revealed plans to use the proceeds for acquisitions within the UK.
The latest deal was a very strategic one for PayPoint. The Appreciate Group’s products and its brand partners provide PayPoint with “great room for growth” in the UK consumer and corporate gift market.
The acquisition is expected to be immediately accretive to earnings in FY24. The Board believes it will generate attractive returns for shareholders. Looking to grow.Park Christmas Savings upfront savings supports client budgeting tools.Christmas and other events, gifts for Appreciate Group corporate clients, and full service delivery of employee rewards and benefits. and the expansion of the Love2shop branded consumer gift network, Wiles added.
Despite the business potential, PayPoint’s stock price has failed to recover from the downward momentum that has continued over the past six months. The stock has fallen almost 24% over that period.
paypoint stock price
Meanwhile, PayPoint has applied for approval of its shares to the Premium List segment of the Financial Conduct Authority’s official list and approval to trade on the major markets of the London Stock Exchange.
Retail payments company PayPoint (LON: PAY) has completed its 83m acquisition of gifting and engagement platform Appreciate Group. PayPoint, announced Thursday, has acquired the entire issued share capital of Appreciate Group.
The closing took place after the boards of directors of both companies agreed to the transaction in November. As part of the deal, the entire Appreciate Group team has joined PayPoint. Julian Coghlan, former interim CEO of the Appreciate Group, has joined PayPoint’s Executive Committee and will continue to lead the Appreciate business as Managing Director.
PayPoint CEO Nick Wiles said:
of acquisition
acquisition
Acquire means to acquire or possess or secure property, services, or ability. Simply put, the act or process of obtaining or obtaining. You can acquire a work of art, acquire abilities such as speaking a foreign language, acquire shares in a business or company, or acquire the services of an accountant. For example, you can buy a new car. Acquisition in its broadest sense means the act of taking ownership or possession of something.there is
Acquire means to acquire or possess or secure property, services, or ability. Simply put, the act or process of obtaining or obtaining. You can acquire a work of art, acquire abilities such as speaking a foreign language, acquire shares in a business or company, or acquire the services of an accountant. For example, you can buy a new car. Acquisition in its broadest sense means the act of taking ownership or possession of something.there is
read this term The sale was debt-free and cash-free after PayPoint sold its Romanian business for around 47m in 2020. At the time, the company emphasized its priority in its key UK market and revealed plans to use the proceeds for acquisitions within the UK.
The latest deal was a very strategic one for PayPoint. The Appreciate Group’s products and its brand partners provide PayPoint with “great room for growth” in the UK consumer and corporate gift market.
The acquisition is expected to be immediately accretive to earnings in FY24. The Board believes it will generate attractive returns for shareholders. Looking to grow.Park Christmas Savings upfront savings supports client budgeting tools.Christmas and other events, gifts for Appreciate Group corporate clients, and full service delivery of employee rewards and benefits. and the expansion of the Love2shop branded consumer gift network, Wiles added.
Despite the business potential, PayPoint’s stock price has failed to recover from the downward momentum that has continued over the past six months. The stock has fallen almost 24% over that period.
paypoint stock price
Meanwhile, PayPoint has applied for approval of its shares to the Premium List segment of the Financial Conduct Authority’s official list and approval to trade on the major markets of the London Stock Exchange.
