REG - On the Beach Group - LAUNCH OF SHARE BUYBACK PROGRAMME

On Beach groupAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260608:nRSH3621Ha&default-theme=true

RNS Number : 3621H  On the Beach Group PLC  08 June 2026

NOT 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.

THIS 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.

FOR IMMEDIATE RELEASE

8 June 2026

 

On the Beach Group plc

("On the Beach" or the "Company")

 

LAUNCH OF SHARE BUYBACK PROGRAMME

 

On 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 £10
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.

In line with the Company's capital allocation policy, the Board has determined
that sufficient surplus cash exists to commence a share buyback of up to £10
million, building on the £50 million already returned to shareholders through
share buybacks and dividends in FY25 and the first half of FY26.

On the Beach remains committed to 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.

Details of the Share Buyback Programme

On the Beach has given instructions to Peel Hunt LLP and Deutsche Bank AG,
London Branch (trading for these purposes as Deutsche Numis) (together, the
"Brokers") in relation to the Share Buyback Programme, which will commence
today and will end no later than 31 December 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.

The purpose of the Share Buyback Programme is to reduce the share capital of
the Company.

Any purchase of Ordinary Shares under the Share Buyback Programme will be
carried out on the London Stock Exchange and/or other trading venues and in
accordance with the general authority to purchase Ordinary Shares granted to
the directors of the Company (the "Directors") by its shareholders at the
Company's annual general meeting in 2026 (the "2026 Authority"). The maximum
number of Ordinary Shares which the Company is authorised to purchase under
the 2026 Authority is 14,490,500 Ordinary Shares. The Share Buyback Programme
will be conducted in accordance with Article 5(1) of Regulation (EU) 596/2014,
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended), the provisions of Commission Delegated
Regulation (EU) 2016/1052, as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 (as amended), which deal with buyback
programmes and Chapter 9 of the Financial Conduct Authority's UK Listing
Rules.

On the Beach will announce any purchase of Ordinary Shares under the Share
Buyback Programme no later than the end of the seventh daily market session
following the date of execution of such purchase.

The person responsible for making this announcement on behalf of the Company
is Kirsteen Vickerstaff, General Counsel and Company Secretary.

 

For further information:

 

 On the Beach Group plc                    via FTI Consulting

 Shaun Morton, Chief Executive Officer

 Jon Wormald, Chief Financial Officer

 FTI Consulting                            Tel: +44 (0)20 3727 1000
 Alex Beagley                              onthebeach@fticonsulting.com

 Harriet Jackson

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUBSBRNRUNRAR



            Copyright 2019 Regulatory News Service, all rights reserved