Rightmove (GB:RMV) has released an update.
Rightmove plc, a prominent player in the online real estate arena, has actively repurchased 225,000 of its own shares at prices ranging from 540.400p to 546.200p, signaling confidence in the company’s value. The buyback is part of a long-standing program initiated in 2007, and following the recent transaction, the company will cancel the acquired shares, thereby reducing the total number in issue and holding over 11 million in treasury. This move could indicate a strategic effort by Rightmove to optimize shareholder value and manage its capital structure.
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