Rightmove (GB:RMV) has released an update.
Rightmove plc has continued its share buy-back program by purchasing 75,000 of its ordinary shares at an average price of 642.790p each, representing a small fraction of its total voting rights. This ongoing strategy, facilitated through UBS AG London Branch, aims to enhance shareholder value by reducing the number of shares in circulation. The company’s share buy-backs have been a consistent feature since 2007, with a significant number of shares already reacquired and canceled.
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