The latest announcement is out from Trainline ( (GB:TRN) ).
Trainline has executed a share buyback program, purchasing 557,029 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. This move, part of a program announced in May 2024, will result in the cancellation of the purchased shares, reducing the total number of shares in issue to 442,892,822. The buyback is aligned with shareholder authority granted at the 2024 Annual General Meeting, and it impacts the company’s share capital structure, potentially influencing shareholder interests and market perceptions.
More about Trainline
Trainline is the leading independent rail and coach travel platform, offering a comprehensive service for booking and managing rail and coach journeys across Europe. It provides a one-stop shop for millions of routes, fares, and journey times via its website and mobile app.
YTD Price Performance: -20.35%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.75B
For a thorough assessment of TRN stock, go to TipRanks’ Stock Analysis page.