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Mitie Group plc ( (GB:MTO) ) just unveiled an announcement.
Mitie Group plc announced the purchase of 300,000 of its own shares as part of its Share Buyback Programme, with prices ranging from 114.0p to 116.8p per share. These shares will be cancelled, reducing the total number of voting shares to approximately 1.26 billion, which may influence shareholder value and market perceptions of the company’s financial stability.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading technology-led facilities transformation company in the UK. With a workforce of 68,000, Mitie partners with around 3,000 blue-chip customers across various sectors including Central Government, Critical National Infrastructure, and Healthcare & Life Sciences. The company excels in delivering engineering, security, and cleaning services, while also offering capabilities in building fit-outs, decarbonisation, and telecoms infrastructure. Known for its industry-leading ESG credentials, Mitie aims to achieve Net Zero by the end of 2025 and has been recognized as a UK Top Employer for six consecutive years.
YTD Price Performance: 5.27%
Average Trading Volume: 2,779,478
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.42B
For an in-depth examination of MTO stock, go to TipRanks’ Stock Analysis page.
