The latest announcement is out from Rightmove ( (GB:RMV) ).
Rightmove plc, a leading UK property portal, announced the purchase of 165,000 of its own shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0211% of the voting rights of the company’s total ordinary shares before the purchase. The shares will be cancelled, reducing the total number of ordinary shares in issue to 781,137,662. This move is part of Rightmove’s long-term strategy to enhance shareholder value, having repurchased over 527 million shares since 2007.
More about Rightmove
YTD Price Performance: 7.01%
Average Trading Volume: 1,962,527
Technical Sentiment Signal: Sell
Current Market Cap: £5.35B
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