Mitie Group PLC - London-based facilities management and professional services - Completes the GBP50 million share buyback programme that it first announced in April last year. Mitie buys back 59 million shares at an average price of 85 pence. Of these 26 million shares, 2% of all shares, have been cancelled, while 33 million have been retained to meet employee incentive awards. Mitie notes that it has repurchased a total of 128 million shares in the past two years at an average price of 79p, returning GBP100 million.
Current stock price: 106.00p
12-month change: up 39%
By Tom Waite, Alliance News editor
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Mitie (MTO)