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An announcement from Mitie Group plc ( (GB:MTO) ) is now available.
Mitie Group plc has announced the purchase of 500,000 of its own ordinary shares as part of its Share Buyback Programme, with the intention to cancel these shares to reduce the total number of shares in circulation. This strategic move is part of Mitie’s effort to enhance shareholder value and maintain its market leadership position while focusing on accelerated growth and high shareholder returns as outlined in their new Facilities Transformation Three-Year Plan.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading UK-based technology-led Facilities Transformation company. It partners with around 3,000 blue chip customers across public and private sectors to transform built estates and enhance the experience for colleagues and customers. Mitie is a market leader in core services such as Engineering, Security, and Cleaning & Hygiene, and it offers project capabilities in areas like building modernisation and decarbonisation. The company has strong ESG credentials, targeting Net Zero by 2025, and has been recognized as a UK Top Employer for six consecutive years.
YTD Price Performance: 3.09%
Average Trading Volume: 2,756,280
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.39B
For a thorough assessment of MTO stock, go to TipRanks’ Stock Analysis page.
