Rightmove (GB:RMV) has released an update.
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Rightmove plc has repurchased 110,000 of its ordinary shares at an average price of 646.016p as part of its ongoing buy-back program. This move represents a small fraction of the company’s total voting rights and follows a long-standing strategy to reduce share count and potentially increase shareholder value. The repurchased shares will be cancelled, further tightening the supply of outstanding shares.
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