Mitie Launches £50M Share Buyback, Reinstates Dividend

By Dawood Fakhir (June 10, 2022, 6:10 PM BST) -- Outsourcing and energy services company Mitie Group PLC plans to buy back £50 million ($62 million) worth of its shares and reinstate its final dividend, as it reported robust financial results for the latest fiscal year with a record £4 billion in revenues.

Mitie also agreed to acquire a solar power solutions company Custom Solar Ltd. on Thursday, when it reported its financial performance for the fiscal year ending March 31.

The group said it will carry out the share buyback program in two tranches of £25 million, starting June 9, adding that investment bank Jefferies International Ltd. will lead the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!