Rightmove (GB:RMV) has released an update.
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Rightmove plc has repurchased 110,000 of its ordinary shares as part of its ongoing share buy-back program, with an average price of 600.888p per share. These shares will be cancelled, contributing to a reduction in the company’s total share count, which now stands at 786,794,311 excluding treasury shares. This move is part of a long-term strategy that has seen Rightmove buy back over 520 million shares since 2007, potentially boosting shareholder value.
For further insights into GB:RMV stock, check out TipRanks’ Stock Analysis page.
