Rightmove Continues Share Buy-Back Strategy

Rightmove (GB:RMV) has released an update.

Rightmove plc has bought back 110,000 of its ordinary shares at an average price of 671.512p per share, as part of its ongoing share buy-back program, facilitated by UBS AG London Branch. This move, representing a small fraction of its total voting rights, continues Rightmove’s long-term strategy since 2007 to enhance shareholder value by reducing the number of shares in circulation. The purchased shares will be cancelled, reducing the total number of shares in issue to approximately 785 million.

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