Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, a leading UK facilities transformation company, has announced the doubling of its share buyback program from £50 million to £100 million, following a robust financial performance. The firm has already acquired 21 million of its ordinary shares and maintains a focus on strategic M&A, progressive dividends, and employee incentive fulfillment. Mitie is committed to operating within its target leverage range, with leverage at 0.6x as of June 30, 2024.
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