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On the Beach Group Announces Share Buyback and Cancellation

Story Highlights
  • On the Beach Group operates in the travel industry, offering online beach holiday bookings.
  • The company has repurchased and canceled 155,000 shares, altering its capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
On the Beach Group Announces Share Buyback and Cancellation

On The Beach ( (GB:OTB) ) just unveiled an update.

On the Beach Group plc has announced the purchase and cancellation of 155,000 of its own shares, as part of a share buyback program executed through Deutsche Numis on the London Stock Exchange. This transaction reduces the total number of shares in issue to 160,015,058, impacting the company’s capital structure and potentially influencing shareholder voting rights.

More about On The Beach

On the Beach Group plc operates in the travel and tourism industry, specializing in providing online travel booking services. The company focuses on offering affordable beach holidays and vacation packages, primarily targeting the UK market.

YTD Price Performance: -4.94%

Average Trading Volume: 1,176,099

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £383.9M

For a thorough assessment of OTB stock, go to TipRanks’ Stock Analysis page.

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