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The latest announcement is out from Mitie Group plc ( (GB:MTO) ).
Mitie Group plc has announced the repurchase of 300,000 of its ordinary shares as part of its Share Buyback Programme, with the intention to cancel these shares. Following this transaction, Mitie will have 1,260,556,719 ordinary shares in issue, reflecting its commitment to enhance shareholder value and consolidate its market position.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading technology-led facilities transformation company in the UK, employing 68,000 colleagues. It serves around 3,000 blue chip customers across various sectors including Central Government, Defence, Financial Services, and Healthcare. Mitie offers core services in Engineering, Security, and Cleaning, and also specializes in building fitouts, decarbonisation, and telecoms infrastructure projects. The company is recognized for its ESG credentials and aims to achieve Net Zero by the end of 2025.
YTD Price Performance: 5.27%
Average Trading Volume: 2,779,478
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.42B
See more data about MTO stock on TipRanks’ Stock Analysis page.
