Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, a UK-based facilities transformation company, has announced the purchase of 500,000 of its own ordinary shares as part of its Share Buyback Programme, with the intention to cancel them. The shares were acquired through Stifel Nicolaus Europe Limited at prices ranging from 123.6 to 125 GBp per share. Following the transaction, Mitie’s total number of issued ordinary shares will reduce, excluding shares held in treasury, consolidating its share capital and potentially increasing value for remaining shareholders.
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