Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc has announced a purchase of 500,000 of its own ordinary shares at prices ranging between 123.8 and 124.6 GBp per share as part of its Share Buyback Programme. The company intends to cancel these shares, which will reduce the overall number of shares in issue, effectively consolidating shareholder value. This move reflects Mitie’s ongoing strategy to enhance shareholder returns and comes after a period of strong performance, including an 80% Total Shareholder Return over the last three years.
For further insights into GB:MTO stock, check out TipRanks’ Stock Analysis page.
