Paysafe to Commence $124 Million Share Buyback Programme

[kreslik.news]

Paysafe Group, a UK-based payments provider, announced todayits intention to commence an inaugural share buyback programme of up to $124 million (£100 million).

The buyback programme comes just a week after the company incurred a massive share price decline falling by as much as 34 percent last Tuesday, after a document tied the group’s operations to illegal gambling in China.

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Undervalued

The management and board of Paysafe believe that the current share price significantly undervalues the performance of the business to date and its future ... (read more)