Mitie Group plc ( (GB:MTO) ) has shared an announcement.
Mitie Group plc has completed its £100m share buyback programme, initially announced at £50m and later doubled. The programme involved purchasing 89 million shares, with 79 million shares cancelled, representing about 6% of the company’s issued share capital. This move is part of Mitie’s proactive capital deployment strategy, and further details on future buyback plans will be provided in the upcoming FY25 Trading Update. The completion of this programme reflects Mitie’s commitment to strategic capital management and may influence its market positioning and stakeholder confidence.
More about Mitie Group plc
Founded in 1987, Mitie Group plc is a leading technology-led Facilities Transformation company in the UK, employing 72,000 colleagues. It partners with around 3,000 blue-chip customers across public and private sectors, providing services in engineering, security, and hygiene, along with projects in power, grid connections, and more. Mitie holds industry-leading ESG credentials and has been recognized as a UK Top Employer and Most Admired Company in the Support Services sector.
YTD Price Performance: 5.64%
Average Trading Volume: 2,646,137
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.42B
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