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Trainline Executes Share Buyback to Optimize Capital Structure

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Trainline Executes Share Buyback to Optimize Capital Structure

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Trainline ( (GB:TRN) ) just unveiled an announcement.

Trainline PLC announced the purchase of 108,735 of its ordinary shares on the London Stock Exchange and other facilities as part of its share buyback program initiated in May 2024. These shares, purchased at prices ranging from 410.20p to 420.20p, will be cancelled, reducing the number of ordinary shares in circulation to 450,071,416. This move, in accordance with shareholder authority and regulatory compliance, may impact stakeholder calculations regarding their interests in the company.

More about Trainline

Trainline is the leading independent platform for rail and coach travel, providing a comprehensive service for purchasing and managing travel across Europe via its website and mobile app. The company aggregates routes, fares, and schedules from multiple rail and coach carriers, making it a one-stop shop for millions of travelers worldwide.

YTD Price Performance: 1.84%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.26B

Learn more about TRN stock on TipRanks’ Stock Analysis page.

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