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The latest update is out from Mitie Group plc ( (GB:MTO) ).
Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel the purchased shares. This move will result in a total of 1,264,669,973 ordinary shares in issue, excluding treasury shares. The buyback reflects Mitie’s strategy to enhance shareholder value and maintain market leadership. The company’s continued efforts in this area are part of its broader growth and leadership strategy, as outlined in its new Facilities Transformation Three-Year Plan.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is the UK’s leading technology-led facilities transformation company, employing 68,000 people. It partners with around 3,000 blue-chip customers across various sectors, providing engineering, security, cleaning, hygiene, and project services, with market leadership in several core areas. The company is recognized for its ESG credentials and has ambitious plans for emissions reductions.
YTD Price Performance: -1.82%
Average Trading Volume: 2,900,189
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.33B
For detailed information about MTO stock, go to TipRanks’ Stock Analysis page.
