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Rightmove Executes Share Buy-Back to Enhance Capital Structure

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Rightmove Executes Share Buy-Back to Enhance Capital Structure

Rightmove ( (GB:RMV) ) has issued an update.

Rightmove plc has executed a share buy-back program, purchasing 165,000 of its ordinary shares at an average price of 670.930p per share. This transaction represents 0.0211% of the voting rights and contributes to the company’s ongoing strategy to manage its capital structure, potentially enhancing shareholder value and maintaining its market position.

More about Rightmove

Rightmove plc operates in the real estate industry, primarily providing an online property portal for buying, selling, and renting properties. The company focuses on offering digital solutions to connect property seekers with real estate agents and developers across the UK market.

YTD Price Performance: 4.71%

Average Trading Volume: 2,109,319

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £5.24B

Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.

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