Rightmove (GB:RMV) has released an update.
Rightmove plc has announced the purchase of 100,000 of its own shares, a move that marks a continuation of its share buy-back programme initiated in 2007. The shares were bought at prices ranging from 553.200p to 558.600p and will be subsequently cancelled, which may convey the company’s confidence in its financial health and potentially affect its stock valuation. Following the purchase, the total number of shares in issue (excluding treasury shares) stands at 788,750,604, with Rightmove holding an additional 11,401,687 shares in treasury.
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