Rightmove Plc (UK) (GB:RMV) has released an update.
Rightmove plc has actively pursued its share buy-back programme by acquiring 190,000 of its own shares at an average price of 521.548p per share, with the transaction facilitated by UBS AG London Branch. This buyback is part of a long-standing initiative since 2007 that has seen Rightmove buy back over 511 million shares, and the most recent shares purchased will be cancelled, reducing the total number of shares in issue. Investors may view this as a sign of the company’s confidence in its own financial health and future prospects.
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