Rightmove (GB:RMV) has released an update.
Rightmove plc has actively repurchased 150,000 of its own shares at a volume weighted average price of 553.998p, with individual prices ranging from 549.000p to 562.800p. As part of its ongoing share buy-back program initiated in December 2007, these shares will be cancelled, reducing the number of ordinary shares in issue and held as treasury shares. This latest transaction continues Rightmove’s long-term strategy to return value to shareholders through share buybacks.
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