Rightmove announces £90 million share buyback program
#Rightmove#Share Buyback#£90 million#UBS#London Stock Exchange#Property Website#Corporate Finance#Shareholder Value
📌 Key Takeaways
Rightmove announced a £90 million share buyback program
The program runs from March 2 to July 31, 2026
UBS AG London Branch will manage the buyback program
The buyback complies with EU and UK Market Abuse Regulations
📖 Full Retelling
Rightmove plc (LSE:RMV), a UK property website operator, announced a non-discretionary share buyback program with a maximum value of £90 million in London on February 27, 2026, as part of its capital return strategy to enhance shareholder value. The program will commence on March 2, 2026 and run through July 31, 2026, with the company purchasing ordinary shares for cancellation. Rightmove has entered into an agreement with UBS AG London Branch to manage the buyback program, where UBS will make trading decisions independently of the company and acquire ordinary shares on behalf of Rightmove for subsequent repurchase. The share purchases will be conducted within pre-set parameters and in accordance with the company's general authority to repurchase shares. The buyback program will comply with EU and UK Market Abuse Regulations and Chapter 9 and Chapter 12 of the Listing Rules, with the company stating it currently has no unpublished price sensitive information to ensure transparency throughout the process.
The London Stock Exchange (LSE) is a global stock exchange based in Paternoster Square in the City of London, England. Founded in 1801, it is one of the world's oldest continuously operating stock exchanges. As of mid-2025, the exchange had a total market capitalisation of approximately US$5.9 trill...
Share repurchase, also known as share buyback or stock buyback, is the reacquisition by a company of its own shares. It is an alternative way of returning money to shareholders than dividends. After a repurchase event, the company's stock price is now proportionally higher because of the smaller num...
UK's largest online real estate portal and property website
Rightmove plc is a British company which runs rightmove.co.uk and the rightmove app. It is the UK's largest online real estate property portal. Rightmove is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Multinational investment bank headquartered in Switzerland
UBS Group AG (stylized simply as UBS) is a Swiss multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the largest Swiss banking institution and the world's ...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Netflix declines to match Paramount Skydance bid for Warner Bros Gold prices steady near $5,200/oz; strong Feb gains on tap This is where Deutsche Bank sees silver prices ending the year Nvidia CEO Huang said SaaSpocalypse narrative wrong, sees ’deep misunderstanding’ (South Africa Philippines Nigeria) Rightmove announces £90 million share buyback program By Investing.com Company News Published 02/27/2026, 02:37 AM Rightmove announces £90 million share buyback program 0 RMV 3.38% LONDON - Rightmove plc (LSE:RMV), a UK property website operator, announced a non-discretionary share buyback program with a maximum value of £90 million, according to a press release statement. The program will commence on March 2, 2026 and run through July 31, 2026. The company will purchase ordinary shares for cancellation under the program. Rightmove has entered into an agreement with UBS AG London Branch to manage the buyback program. UBS will make trading decisions independently of the company and acquire ordinary shares on behalf of Rightmove for subsequent repurchase. The share purchases will be conducted within pre-set parameters and in accordance with the company’s general authority to repurchase shares. The program will comply with EU and UK Market Abuse Regulations and Chapter 9 and Chapter 12 of the Listing Rules. The company stated it currently has no unpublished price sensitive information. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
