On The Beach ( (GB:OTB) ) has issued an update.
On the Beach Group plc has reviewed its share buyback programme, initially announced in December 2024 to purchase up to £25 million of its ordinary shares. The company has acquired over 7 million shares for £17.3 million so far. Due to limited liquidity in its shares, On the Beach has decided to allow daily purchases to exceed 25% but remain below 50% of the average daily trading volume, foregoing certain regulatory exemptions. This adjustment aims to enhance the programme’s effectiveness without altering its original terms.
More about On The Beach
On the Beach Group plc is one of the UK’s largest online package holiday specialists, known for its innovative technology and low-cost base. The company offers a strong customer-value proposition, challenging legacy tour operators and online travel agents by disrupting the online retail of beach holidays. Its business model is customer-centric, asset-light, profitable, and cash-generative, providing significant growth opportunities.
YTD Price Performance: -11.69%
Average Trading Volume: 1,192,947
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £356.4M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.