Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc has announced the repurchase of 650,000 of its ordinary shares as part of its ongoing Share Buyback Programme, with the shares being bought at an average price of 117.4962 GBp. The company plans to cancel these shares, resulting in a total of 1,287,153,355 ordinary shares in issue. This move is part of Mitie’s strategy to enhance shareholder returns while maintaining its leadership in the UK facilities management sector.
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