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An update from On The Beach ( (GB:OTB) ) is now available.
On the Beach Group PLC announced the purchase and cancellation of 200,000 of its own shares on the London Stock Exchange. This buyback, executed through Deutsche Numis, reflects the company’s ongoing share buyback program, potentially enhancing shareholder value by reducing the total number of shares in circulation and thus increasing the value of remaining shares. The company’s total voting rights now stand at 161,233,271 ordinary shares, affecting calculations for stakeholder interests as per the Financial Conduct Authority’s guidelines.
More about On The Beach
On the Beach Group PLC operates in the travel industry, primarily offering beach holiday packages. The company focuses on providing affordable travel options and has a significant presence in the UK market.
YTD Price Performance: 1.38%
Average Trading Volume: 1,114,725
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £415.7M
For a thorough assessment of OTB stock, go to TipRanks’ Stock Analysis page.
