Rightmove (GB:RMV) has released an update.
Rightmove plc has bought back 110,000 of its own shares at prices ranging from 553.800p to 565.400p, as part of its ongoing share buy-back programme initiated in 2007. Following the buy-back, the total number of ordinary shares in issue is now 793,064,433 with an additional 11,417,971 held in treasury. The repurchased shares are set to be cancelled, which is a common practice to reduce the share capital and increase the value of remaining shares.
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