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Mitie Group plc ( (GB:MTO) ) has issued an announcement.
Mitie Group plc has repurchased 500,000 of its ordinary shares as part of its Share Buyback Programme. This move, executed through Stifel Nicolaus Europe Limited, is aimed at canceling the shares to adjust the total number of voting rights, reinforcing its market position and potentially enhancing 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 colleagues. It caters to around 3,000 blue-chip customers across public and private sectors, providing engineering, security, and cleaning services. Mitie holds market leadership in its core services and also offers projects in building modernization, decarbonization, and telecoms infrastructure. The company is recognized for its ESG credentials, targeting net zero by 2025, and has been acknowledged as a UK Top Employer for six consecutive years.
YTD Price Performance: -0.18%
Average Trading Volume: 2,889,474
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.37B
See more data about MTO stock on TipRanks’ Stock Analysis page.
