Trainline (GB:TRN) has released an update.
Trainline PLC has announced the buyback and subsequent cancellation of 265,807 of its ordinary shares, with a volume weighted average price of 301.09 pence per share, as part of its share repurchase plan initiated on May 3, 2024, following the authorization from its 2023 AGM. The buyback reduces the total number of ordinary shares in issue to 463,816,136 with none held in Treasury. This move could signal Trainline’s confidence in its financial stability and future prospects, potentially influencing its stock market performance.
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