Mitie Group plc ( (GB:MTO) ) has provided an announcement.
Mitie Group plc announced the purchase of 500,000 of its own shares as part of its Share Buyback Programme, with plans to cancel the shares, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position in the facilities management industry.
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 people. It serves around 3,000 blue-chip customers across various sectors, including Central Government, Defence, Healthcare, and Retail, providing services in engineering, security, cleaning, and more. Mitie is recognized for its strong ESG credentials and has been a top UK employer for six consecutive years.
YTD Price Performance: 3.27%
Average Trading Volume: 2,419,426
Technical Sentiment Signal: Sell
Current Market Cap: £1.39B
For a thorough assessment of MTO stock, go to TipRanks’ Stock Analysis page.