Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, a UK-based facilities transformation company, has announced the purchase of 500,000 of its own shares as part of its Share Buyback Program, with shares bought at prices between 114.7200 and 116.0000 GBp. The acquired shares are to be held in treasury, post-purchase Mitie will have 1,323,755,026 ordinary shares in issue, excluding the treasury shares. This action is part of the company’s strategy to drive shareholder value and enhance its market leadership, following a strong Total Shareholder Return of 80% during the previous three-year plan.
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