On The Beach ( (GB:OTB) ) has shared an announcement.
On the Beach Group PLC announced the completion of its share buyback program, purchasing 87,543 ordinary shares for cancellation at an average price of 231.0164 pence per share. This move reduces the total number of shares in issue to 156,474,262, which may affect shareholder voting rights and interest notifications. The buyback program, which began in December 2024, saw the company acquire over 10 million shares at an average price of 237.7065 pence, totaling nearly £25 million. This strategic financial maneuver could enhance shareholder value and improve the company’s market positioning.
More about On The Beach
On the Beach Group PLC operates in the travel industry, offering holiday packages primarily focused on beach destinations. The company provides online booking services for flights and hotels, catering to a market that seeks affordable and convenient travel solutions.
YTD Price Performance: -6.92%
Average Trading Volume: 827,947
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £365.4M
For a thorough assessment of OTB stock, go to TipRanks’ Stock Analysis page.
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