Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc has announced the repurchase of 500,000 of its own ordinary shares at prices ranging between 119.8 to 120.2 GBp per share, as part of its ongoing Share Buyback Programme. The company intends to cancel these shares, which will reduce the total number of shares in issue and consequently the total number of voting rights. This move is part of Mitie’s strategy to deliver enhanced shareholder returns and extend its market leadership, following a successful three-year plan that resulted in an 80% Total Shareholder Return.
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