In line with Trainline’s capital allocation framework (see below), Trainline has announced two separate, sequential share buyback programmes, the first for up to £50 million, the second for up to £75 million.
Capital allocation framework
Trainline’s primary use of capital is to invest behind its strategic priorities – including enhancing the customer experience and building demand for rail travel - to drive organic growth and deliver attractive and sustainable rates of return.
The Group may supplement that with inorganic investment, should it help accelerate delivery of the Group’s strategic growth priorities.
Trainline will also continue to manage debt leverage, including retaining a prudent and appropriate level of liquidity headroom should unforeseen circumstances arise.
Any surplus capital thereafter may be returned to shareholders, including through the repurchase of Trainline’s shares.