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Highlights
Hollywood Bowl Group carried out a repurchase of its ordinary shares through Berenberg.
The purchased shares will be cancelled by the Group.
Trading took place on the London Stock Exchange under ticker LON:BOWL.
Hollywood Bowl Group plc, a leading operator within the leisure and entertainment sector, confirmed a transaction involving the repurchase of its ordinary shares. Recognised as the largest ten-pin bowling operator in the United Kingdom and Canada, the company is listed among the ftse 350 companies. Its business spans across leisure facilities, entertainment venues, and family activity centres.
Details of the Repurchase
The transaction involved the acquisition of a specific number of ordinary shares with a nominal value of one penny each. These shares were purchased on the London Stock Exchange, trading under the ticker (LON:BOWL). Prices during the transaction ranged between the lowest and highest points recorded within the trading session, while the volume-weighted average price reflected the overall execution across multiple trades.
Execution by Berenberg
The purchases were carried out by Berenberg on behalf of Hollywood Bowl Group. Transactions took place throughout the trading day and were executed in compliance with relevant market regulations. Each trade was reported with exact volumes, timings, and prices. The aggregated activity showed consistency in execution, with multiple trades clustered around the mid-session.
Share Cancellation
Following the buyback, the Group confirmed that all acquired shares will be cancelled. This reduces the overall number of shares in issue, reflecting a direct impact on the company’s capital structure. The cancellation ensures that the repurchased shares are permanently removed from circulation.
Price Range and Volumes
During the course of the trading session, the lowest price achieved was in the lower two hundred pence range, while the highest transaction reached the upper two hundred pence range. The weighted average across all trades settled close to the midpoint of this range. The total volume of shares acquired remained below the fifty-thousand mark, highlighting a moderate level of daily trading activity under the buyback programme.
Regulatory Framework
The announcement was made in accordance with Article Five of the Market Abuse Regulation, which has been incorporated into UK law. This ensures transparency and provides market participants with a detailed breakdown of each transaction. All information relating to trade execution, including time stamps and reference numbers, was disclosed as part of the official release.
Company Representatives
Hollywood Bowl Group’s management team provided the announcement through its communications advisers. Senior executives including the Chief Executive Officer, Chief Financial Officer, and Chief Sustainability and Communications Officer were listed as contacts for further information. Additionally, media inquiries were directed through representatives at Teneo, the Group’s public relations firm.
London Stock Exchange Disclosure
As required, the disclosure was published through the Regulatory News Service, which operates as the official channel for corporate announcements on the London Stock Exchange. The announcement also included the Group’s Legal Entity Identifier code for accurate company identification.
Sector Relevance
Operating in the leisure and entertainment market, Hollywood Bowl Group continues to position itself among ftse 350 companies. The business model focuses on providing recreational activities across a wide network of bowling centres, serving families and communities in both the United Kingdom and Canada. Its presence in this sector makes its corporate actions and transactions closely observed within the broader leisure industry.
