Rightmove plc exercises buy-back of its own shares

December 22, 2019
Share this Post: 

Rightmove plc has recently announced that it purchased 250,000 of its 0.1p ordinary shares at a volume weighted average price paid per share of 635.815p.

The highest paid price per share was 640p with the lowest being 633.800p. Rightmove bought these shares via Numis Securities Limited, a capital market company. The amount of shares purchased this way is 0.0285% of the voting rights attributable to the total number of ordinary shares in issue before a purchase like this occurred.

The purchased shares will be cancelled.

Since the announcement of this buy-back program in December of 2007, Rightmove has purchased around 427 million ordinary shares. The total amount of ordinary shares issued, excluding treasury shares, after this announcement is 878,450,515. Rightmove's treasury currently holds 13, 360,310 shares.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the buyback program.

SOURCE Rightmove plc
Edited by V. Haviland

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.

Property Portal Watch Bangkok Conference, 2020

December 22, 2019
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Fotocasa Madrid Buildings
Fotocasa Launches Travel Time Search Tool

The Spanish real estate portal Fotocasa has launched a tool that lets its users search for properties by the time...

Read More
Shutterstock 1965375514 1
Zillow's Listing Pages Get Biggest Overhaul in Five Years

The market-leading U.S. real estate portal Zillow has announced a redesign of its listing pages. According to a press release,...

Read More
Shutterstock 1743401084
CoStar's OnTheMarket Acquisition: Tebb to Remain CEO, Shareholder Questions the Deal

The latest news to come out of Costar's expected acquisition of UK agent-owned portal OnTheMarket has raised a couple of...

Read More
Shutterstock 2200544553
Financial Services Specialist BetterHome Group Increases Shareholding in South African Portal Private Property

The BetterHome Group has increased its shareholding in the South African real estate portal Private Property. According to a report...

Read More

Editor's Pick