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Trainline ( (GB:TRN) ) just unveiled an update.
Trainline has executed a share buyback, purchasing 157,526 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities as part of a previously announced buyback program. This action, executed with Morgan Stanley’s assistance, aims to enhance shareholder value by reducing the number of shares in circulation, with the purchased shares set to be cancelled. The remaining share count stands at 450,709,165, which stakeholders can use for ownership calculations under the Disclosure and Transparency Rules.
More about Trainline
Trainline is the leading independent rail and coach travel platform, offering a seamless search, booking, and journey management experience for millions of travelers globally through its website and mobile app. The company aggregates routes, fares, and schedules from rail and coach carriers across Europe, serving as a comprehensive hub for rail and coach travel.
YTD Price Performance: 27.94%
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.34B
See more insights into TRN stock on TipRanks’ Stock Analysis page.
