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An announcement from Hollywood Bowl ( (GB:BOWL) ) is now available.
Hollywood Bowl Group plc has initiated a Share Buyback Programme, authorized during its recent AGM, to repurchase up to £10 million of its ordinary shares. This move is part of the company’s capital allocation strategy to return excess capital to shareholders, reduce share capital, and demonstrate its strong financial position. The buyback will be conducted under strict regulatory guidelines and is managed by Investec and Berenberg.
More about Hollywood Bowl
Hollywood Bowl Group plc operates in the entertainment industry, specifically focusing on providing leisure and entertainment services through a network of bowling centers. The company is known for its cash-generative business model and emphasizes returning value to shareholders while investing in growth.
YTD Price Performance: -5.90%
Average Trading Volume: 684,471
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £469.8M
Find detailed analytics on BOWL stock on TipRanks’ Stock Analysis page.
