Mitie Group plc ( (GB:MTO) ) has shared an update.
Mitie Group plc announced the purchase of 550,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This transaction is part of Mitie’s strategy to enhance shareholder returns and strengthen its market leadership position, following a successful three-year plan that delivered an 80% total shareholder return.
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 public and private sectors, offering services in engineering, security, cleaning, and hygiene, along with projects in building fit-outs, decarbonization, fire & security, and telecoms infrastructure. Mitie is recognized for its ESG credentials and aims for Net Zero by 2025.
YTD Price Performance: 4.00%
Average Trading Volume: 2,560,973
Technical Sentiment Signal: Sell
Current Market Cap: £1.4B
See more data about MTO stock on TipRanks’ Stock Analysis page.