Mitie Group plc ( (GB:MTO) ) has shared an announcement.
Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares, reducing the total number of shares in circulation. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership, as outlined in its new Facilities Transformation Three-Year Plan, which aims to deliver accelerated growth and improved shareholder value.
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 people. It serves around 3,000 blue-chip customers across public and private sectors, offering services in engineering, security, cleaning, and hygiene. Mitie holds market leadership in these areas and provides project capabilities in building fitouts, decarbonisation, fire & security, and telecoms infrastructure. The company has a strong presence in sectors such as government, healthcare, financial services, and transport, and is recognized for its ESG credentials and awards.
YTD Price Performance: 5.64%
Average Trading Volume: 2,646,137
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.42B
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