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On the Beach Group Announces Share Buyback and Cancellation

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On the Beach Group Announces Share Buyback and Cancellation

On The Beach ( (GB:OTB) ) has shared an update.

On the Beach Group PLC has announced a share buyback program, purchasing 298,542 of its own shares for cancellation on the London Stock Exchange. This move reduces the total number of shares in issue to 158,178,228, impacting the company’s voting rights and potentially influencing shareholder interests under regulatory guidelines.

More about On The Beach

On the Beach Group PLC operates in the travel industry, primarily focusing on providing online travel booking services. The company specializes in offering beach holiday packages and has a significant presence in the UK market.

YTD Price Performance: -9.70%

Average Trading Volume: 964,400

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £360.5M

See more insights into OTB stock on TipRanks’ Stock Analysis page.

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