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Hollywood Bowl ( (GB:BOWL) ) has shared an update.
Hollywood Bowl Group plc announced the repurchase of 147,173 ordinary shares at a weighted average price of 267.5576 pence per share, as part of its share buyback program. The company plans to cancel the repurchased shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and improving market positioning.
More about Hollywood Bowl
Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing on providing entertainment through its bowling centers.
YTD Price Performance: -8.83%
Average Trading Volume: 725,262
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £445.4M
Learn more about BOWL stock on TipRanks’ Stock Analysis page.