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Mitie Group plc ( (GB:MTO) ) has provided an announcement.
Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is expected to impact the total number of voting rights in Mitie. The share buyback is part of Mitie’s strategy to enhance shareholder returns, following a successful previous three-year plan, and aligns with its new Facilities Transformation plan aimed at accelerating growth and strengthening its market leadership.
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 serves around 3,000 blue-chip customers across various sectors, including central government, critical national infrastructure, and healthcare. Mitie holds market leadership positions in engineering, security, and cleaning services, and focuses on projects like building modernization and decarbonization. The company is recognized for its ESG credentials and has been a UK Top Employer for six consecutive years.
YTD Price Performance: 5.82%
Average Trading Volume: 2,985,333
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.43B
Find detailed analytics on MTO stock on TipRanks’ Stock Analysis page.
