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Hollywood Bowl Group Announces Share Buyback

Story Highlights
  • Hollywood Bowl Group purchased 123,940 shares at an average price of 257.6111 pence.
  • The company plans to cancel the shares, potentially affecting share value and market perception.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Hollywood Bowl ( (GB:BOWL) ) has provided an announcement.

Hollywood Bowl Group plc announced the purchase of 123,940 of its ordinary shares at prices ranging from 255.00 to 260.50 pence per share, with a weighted average price of 257.6111 pence. The company intends to cancel these shares, a move that could impact its share value and market perception by reducing the number of shares outstanding, potentially increasing the value of remaining shares.

More about Hollywood Bowl

Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing on providing entertainment and leisure services through its bowling centers.

YTD Price Performance: -11.24%

Average Trading Volume: 853,490

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £438.1M

For an in-depth examination of BOWL stock, go to TipRanks’ Stock Analysis page.

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