Rightmove (GB:RMV) has released an update.
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Rightmove plc has acquired 75,000 of its own shares as part of their ongoing buy-back program, at an average price of 635.175p per share. This transaction represents a small fraction of the company’s total voting rights and continues their long-term strategy of share repurchases, having bought over 519 million shares since 2007. The purchased shares will be cancelled, reducing the number of shares in circulation and potentially enhancing shareholder value.
For further insights into GB:RMV stock, check out TipRanks’ Stock Analysis page.
