Business
LAUNCH OF SHARE BUYBACK PROGRAMME
On the Beach Group plc is launching a share buyback program for up to £25 million, excluding associated costs, starting today. The purchased ordinary shares will be cancelled. This decision follows the FY25 trading update and builds upon the £30 million already returned to shareholders through buybacks and dividends in FY25. Peel Hunt LLP and Numis Securities Limited will execute the program, which ends no later than March 31, 2026, or potentially November 30, 2026, subject to AGM approval. The company is authorized to purchase a maximum of 12,625,307 ordinary shares under the 2025 Authority. Due to limited liquidity, daily purchases may exceed 25% but remain below 50% of the average daily trading volume. Disclaimer*
About this update from On The Beach Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.\n \nFOR IMMEDIATE RELEASE\n \n24 September 2025\n \nOn the Beach Group plc\n(\"On the Beach\" or the \"Company\")\n \nLAUNCH OF SHARE BUYBACK PROGRAMME\n \nOn the Beach Group plc (LSE: OTB.L) announces that it intends to commence a share buyback programme in respect of its ordinary shares of 1p each (\"Ordinary Shares\") for up to a maximum aggregate consideration of £25 million (excluding any associated costs and stamp duty) from the date of this announcement (the \"Share Buyback Programme\"). The purchased Ordinary Shares will be cancelled.\n \nAs referenced in the Company's FY25 trading update, announced today, the Board has determined that sufficient surplus cash exists to commence a share buyback of up to £25m, building on the £30m already returned to shareholders through share buybacks and dividends in FY25.\n \nOn the Beach remains committed to its capital allocation policy which is focused on investment into the business to deliver organic growth, maintaining a sustainable and progressive dividend policy, investing in additional growth opportunities and returning surplus cash to shareholders.\n \nDetails of the Share Buyback Programme\n \nOn the Beach has given irrevocable and non-discretionary instruction to Peel Hunt LLP and Numis Securities Limited trading as Deutsche Numis (together, the \"Brokers\") in relation to the Share Buyback Programme, which will commence today and will end no later than 31 March 2026 or, if earlier, the conclusion of the Company's AGM held in 2026 or, subject to the renewal of the requisite authority at that AGM, 30 November 2026. The Brokers will act as \"riskless\" or \"matched\" principals for the purposes of the Share Buyback Programme, within certain parameters, and will make their trading decisions concerning the purchases of Ordinary Shares independently of the Company.\n \nThe purpose of the Share Buyback Pr...