**Summary**
On the Beach Group plc (LSEOTB.L) announced the launch of a share buyback programme on September 24, 2025, with a maximum aggregate consideration of £25 million (excluding costs and stamp duty). The programme, which will run until March 31, 2026, or potentially later subject to shareholder approval, aims to reduce the companys share capital by purchasing and canceling ordinary shares. This initiative follows the companys FY25 trading update, where the board confirmed sufficient surplus cash for the buyback, in addition to the £30 million already returned to shareholders in FY25 through buybacks and dividends.
The buyback will be executed by brokers Peel Hunt LLP and Numis Securities Limited (trading as Deutsche Numis), acting as "riskless" or "matched" principals. Due to limited liquidity in the companys shares, the programme may exceed 25% of the average daily trading volume on certain days, though it will remain below 50%. Purchases will be made on the London Stock Exchange and other trading venues, in accordance with the authority granted by shareholders at the 2025 AGM. The company will announce any share purchases no later than 7:30 a.m. the following business day.
On the Beach remains committed to its capital allocation policy, focusing on business investment, organic growth, a sustainable dividend policy, and returning surplus cash to shareholders.