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The latest announcement is out from Mitie Group plc ( (GB:MTO) ).
Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of a share buyback program, with prices ranging from 108.2 to 109.8 GBp. The company intends to cancel these shares, which will impact its total voting rights and reflect a strategic move to enhance shareholder value and maintain its market position.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading technology-led Facilities Transformation company in the UK, employing 68,000 colleagues. It partners with around 3,000 blue-chip customers across various sectors, including public and private, to transform built estates and improve experiences for colleagues and customers. Mitie holds market leadership in Engineering, Security, and Cleaning & Hygiene services, and offers projects in building fitouts, modernisation, and more. It boasts industry-leading ESG credentials and aims for Net Zero by 2025.
YTD Price Performance: -0.18%
Average Trading Volume: 2,889,474
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.37B
See more insights into MTO stock on TipRanks’ Stock Analysis page.
