Rightmove ( (GB:RMV) ) has issued an announcement.
Rightmove plc announced the purchase of 160,000 of its own ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0205% of the voting rights of the total ordinary shares before the purchase. The shares will be cancelled, reducing the total number of shares in issue. This move is part of a long-standing strategy since 2007, with a cumulative purchase of over 527 million shares, potentially enhancing shareholder value and consolidating the company’s market position.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily focusing on providing online property listings and related services. The company is known for its digital platform that connects property buyers, sellers, and real estate agents, making it a significant player in the UK property market.
YTD Price Performance: 7.48%
Average Trading Volume: 2,009,916
Technical Sentiment Signal: Sell
Current Market Cap: £5.33B
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