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Mitie Group plc ( (GB:MTO) ) has provided an update.
Mitie Group plc has announced the purchase and intended cancellation of 500,000 ordinary shares as part of its Share Buyback Programme. The transaction, executed through Stifel Nicolaus Europe Limited, was conducted at a volume-weighted average price of 109.4852 GBp per share. This move is part of Mitie’s strategic efforts to enhance shareholder value and manage its capital structure effectively. Following the cancellation, Mitie will have 1,266,658,712 ordinary shares in issue, impacting the total number of voting rights and aligning with regulatory requirements.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading UK-based technology-led Facilities Transformation company. With approximately 68,000 employees, the company serves around 3,000 blue-chip clients across various sectors, including public and private sectors. Mitie specializes in Engineering (Hard Services), Security, and Cleaning & Hygiene (Soft Services), holding market leadership positions in these areas. The company also focuses on building fitouts, modernisation, decarbonisation, fire & security, and telecoms infrastructure. Mitie is recognized for its strong ESG credentials and aims for Net Zero by the end of 2025.
YTD Price Performance: 15.19%
Average Trading Volume: 3,005,081
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.36B
For detailed information about MTO stock, go to TipRanks’ Stock Analysis page.
