The latest announcement is out from Mitie Group plc ( (GB:MTO) ).
Mitie Group plc has announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme. The shares were bought at a volume-weighted average price of 114.66 GBp and will be canceled, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and strengthen its market position, aligning with its new Facilities Transformation Three-Year Plan aimed at accelerating growth.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading UK-based technology-led Facilities Transformation company. It provides services in engineering, security, cleaning, and hygiene, holding market leadership positions in these areas. Mitie partners with around 3,000 blue-chip customers across various sectors, including government, healthcare, and financial services, to transform their built estates and improve decision-making through data-driven insights. The company is recognized for its ESG credentials and aims for Net Zero by 2025.
YTD Price Performance: 3.09%
Average Trading Volume: 2,336,576
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.4B
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