Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, a leading UK facilities management company, has executed a share buyback, purchasing 500,000 of its own ordinary shares at prices ranging from 118.8 to 120.4 GBp. The bought-back shares are designated for cancellation, which will reduce the number of shares in issue and consequently increase the value of remaining shares. Mitie’s action aligns with its Share Buyback Programme announced on 24 July 2024, underscoring the company’s commitment to delivering enhanced shareholder returns.
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