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Mitie Group plc ( (GB:MTO) ) just unveiled an announcement.
Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of a share buyback program, with intentions to cancel these shares, thus impacting its total voting rights. This move aligns with Mitie’s strategy to enhance shareholder returns and strengthen its market leadership, complementing its existing strong ESG credentials and ambitious growth plans.
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 people. It provides services across engineering, security, cleaning, and additional project capabilities like building modernization and decarbonization. Mitie serves around 3,000 blue-chip customers in sectors such as government, healthcare, and retail, holding market leadership in its core services.
YTD Price Performance: 3.27%
Average Trading Volume: 2,786,971
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.4B
See more data about MTO stock on TipRanks’ Stock Analysis page.
