Hollywood Bowl ( (GB:BOWL) ) just unveiled an update.
Hollywood Bowl Group plc has announced the repurchase of 171,800 of its ordinary shares at a weighted average price of 256.6139 pence per share. The company intends to cancel these shares, which is part of its ongoing buyback program. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Hollywood Bowl
Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing on providing entertainment and leisure services through its bowling centers.
YTD Price Performance: -14.00%
Average Trading Volume: 797,822
Technical Sentiment Signal: Strong Buy
Current Market Cap: £420.8M
See more insights into BOWL stock on TipRanks’ Stock Analysis page.