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Mitie Group plc ( (GB:MTO) ) has provided an announcement.
Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with the intent to cancel these shares to possibly enhance shareholder value. This move is aligned with their strategy to maintain a strong market position and deliver enhanced shareholder returns, as outlined in their new Facilities Transformation Three-Year Plan for FY25-FY27.
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. The company is a trusted partner to around 3,000 blue-chip customers across various sectors, including Central Government, Critical National Infrastructure, Defence, and more. Mitie specializes in engineering (hard services) and security and cleaning & hygiene (soft services), holding market leadership positions in these core services. It also offers additional capabilities in building fitouts, modernisation, decarbonisation, fire & security, and telecoms infrastructure.
YTD Price Performance: 14.46%
Average Trading Volume: 3,019,094
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.37B
For a thorough assessment of MTO stock, go to TipRanks’ Stock Analysis page.
