Trainline ( (GB:TRN) ) has issued an update.
Trainline PLC announced the purchase of 425,764 of its ordinary shares on the London Stock Exchange as part of a share buyback program. This move, executed with Morgan Stanley & Co. International Plc, aims to optimize the company’s capital structure and potentially enhance shareholder value. Following this transaction, the total number of shares in issue is 438,299,211, which stakeholders can use for notification obligations under the Disclosure and Transparency Rules.
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 through its website and mobile app.
YTD Price Performance: -28.10%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.56B
See more insights into TRN stock on TipRanks’ Stock Analysis page.