Trainline ( (GB:TRN) ) has issued an update.
Trainline has repurchased 365,118 of its ordinary shares on the London Stock Exchange and other platforms, as part of its share buyback program initiated in May 2024. This move, executed through Morgan Stanley, will result in the cancellation of these shares, reducing the total number of shares in issue to 443,449,851. The share buyback is in line with the authority granted by shareholders and adheres to regulatory requirements, potentially impacting shareholder calculations under disclosure rules.
More about Trainline
Trainline is a leading independent rail and coach travel platform that sells rail and coach tickets to millions of travelers worldwide. It enables users to search, book, and manage their journeys via its website and mobile app, offering a comprehensive service that aggregates routes, fares, and journey times from various rail and coach carriers across Europe.
YTD Price Performance: -20.35%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.7B
For detailed information about TRN stock, go to TipRanks’ Stock Analysis page.