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Paysafe announces first share buyback programme

20th December 2016 7:29 am GMT

London-listed payment solutions provider Paysafe Group is launching a programme to buy back up to £100m of its issued shares.

The move is in response to the current value of the shares, which the company described as significantly undervaluing the performance of the business and its future prospects.

Paysafe will buy back up to 48,110,871 ordinary shares in the company, equivalent to nearly 10 per cent of its outstanding shares.

The programme will be [...]

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