UK's PayPoint rises as Royal Mail owner IDS buys stake in unit

PayPoint

30/09/2025 10:08

** Shares of British payments company PayPoint PAYP.L up 7.9% at 727 p

** Stock is top gainer in London's mid-cap index .FTMC, down 0.02%

** International Distribution Services (IDS), owner of Royal Mail, invests GBP 43.9 million in PAYP unit, Collect+

** IDS takes a 49% ownership of Collect+ and values the business at GBP 90 million, through investment

** Co announces special dividend of 50.0p per share as a result of deal

** PAYP expects deal to be EPS enhancing in the first full year to March 2027

** Up to Monday's close, stock had fallen 16.77% so far this year

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com; +919920570373;))