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The latest update is out from On The Beach ( (GB:OTB) ).
On the Beach Group PLC has announced the purchase and cancellation of 300,000 of its own shares on the London Stock Exchange, executed through Deutsche Numis. This transaction reduces the total number of shares in circulation to 158,878,228, which represents the total voting rights in the company. This strategic move is part of the company’s share buyback program, potentially enhancing shareholder value by reducing the number of shares outstanding, thus increasing the value of remaining shares.
More about On The Beach
YTD Price Performance: -9.30%
Average Trading Volume: 888,908
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £361.4M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.
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