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On the Beach PLC Executes Share Buyback to Optimize Capital Structure
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On the Beach PLC Executes Share Buyback to Optimize Capital Structure

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Stay Ahead of the Market:

On The Beach ( (GB:OTB) ) has issued an update.

On the Beach Group PLC has announced a buyback of 165,000 of its own shares at an average price of 238.4415 pence per share, executed through Deutsche Numis on the London Stock Exchange. This move reduces the company’s total shares in issue to 161,533,023, impacting the total voting rights available to shareholders and aligning with regulatory requirements under the Financial Conduct Authority’s guidelines.

More about On The Beach

On the Beach Group PLC operates in the travel industry, primarily offering beach holiday services. The company focuses on providing affordable and accessible vacation packages, leveraging online platforms to reach a broad market audience.

YTD Price Performance: -6.89%

Average Trading Volume: 1,078,849

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £378M

For detailed information about OTB stock, go to TipRanks’ Stock Analysis page.

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