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The latest update is out from On The Beach ( (GB:OTB) ).
On the Beach Group plc announced the sale of 3,000,000 ordinary shares by Hawksford Trustees Jersey Limited, a closely associated entity with founder director Simon Cooper. Despite the sale, Cooper remains a significant shareholder with 5.7% of the company’s issued share capital, expressing confidence in the company’s long-term strategy under its current leadership. This transaction highlights Cooper’s continued commitment to the company while adjusting his investment portfolio.
More about On The Beach
On the Beach Group plc is a leading UK online retailer specializing in beach holidays. The company leverages innovative technology, a cost-efficient structure, and a customer-centric approach to challenge traditional tour operators and online travel agents. On the Beach is known for its asset-light, profitable, and cash-generative business model.
YTD Price Performance: 37.75%
Average Trading Volume: 929,345
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £399.9M
For a thorough assessment of OTB stock, go to TipRanks’ Stock Analysis page.
