Rightmove (GB:RMV) has released an update.
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Rightmove plc has announced the repurchase of 110,000 of its own shares as part of its ongoing buy-back program, with the shares being bought at an average price of 595.644p each. This transaction represents a small fraction of the company’s total ordinary shares and aims to enhance shareholder value by reducing the number of shares in circulation. Since the inception of the buy-back initiative in 2007, Rightmove has repurchased over 520 million shares.
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