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Mitie Group Advances Share Buyback Plan

Mitie Group Advances Share Buyback Plan

Mitie Group plc (GB:MTO) has released an update.

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Mitie Group plc has actively engaged in its share buyback program, purchasing 500,000 of its own ordinary shares at prices ranging from 122.2 to 123.8 GBp per share, with the intention to cancel these shares. This action will leave the company with 1,302,750,874 ordinary shares in issue, excluding treasury-held shares. The transaction aligns with the company’s growth strategy and commitment to enhancing shareholder value, as indicated in its recent performance reports.

For further insights into GB:MTO stock, check out TipRanks’ Stock Analysis page.

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