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The latest announcement is out from Mitie Group plc ( (GB:MTO) ).
Mitie Group plc announced the repurchase of 400,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares, affecting the total number of voting rights. This move is aligned with Mitie’s strategy to enhance shareholder returns and strengthen its market position, supported by significant achievements in ESG and industry awards.
More about Mitie Group plc
Founded in 1987, Mitie is the leading technology-led Facilities Transformation company in the UK, employing 68,000 colleagues and serving around 3,000 blue-chip customers across various sectors, including Central Government, Defence, and Healthcare. It provides engineering, security, cleaning, and hygiene services, and holds market leadership positions in these areas. Mitie is recognized for its ESG credentials and is committed to achieving Net Zero by 2025.
YTD Price Performance: 12.60%
Average Trading Volume: 3,090,077
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.35B
For detailed information about MTO stock, go to TipRanks’ Stock Analysis page.
