Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc, a UK-based facilities transformation company, has announced the purchase and subsequent cancellation of 650,000 of its own shares at prices ranging between 118.2 and 119.2 GBp per share, as part of its ongoing Share Buyback Programme. The company’s total number of ordinary shares will decrease to 1,289,103,355 following the transaction. This strategic move is aimed at enhancing shareholder value and is in line with Mitie’s financial strategy.
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