Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, a prominent UK facilities transformation company, has announced the buyback of 500,000 of its own shares at a uniform price of 117.4 GBp per share, with the transaction conducted through Peel Hunt LLP. These shares will be held in treasury, and following this transaction, Mitie’s total number of shares in issue, excluding treasury-held shares, stands at 1,326,173,110. This move aligns with their Share Buyback Programme, initially disclosed on 15 April 2024, as part of their strategy to deliver enhanced shareholder returns.
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