Rightmove plc (RMV), the UK's leading online property portal, has announced the purchase of 650,000 of its own ordinary shares on 6 November 2026 as part of the share buyback programme launched on 31 July 2026. The shares were acquired through UBS AG London Branch on the London Stock Exchange and will be cancelled rather than retained in treasury. Following settlement and cancellation, Rightmove's total voting rights will stand at 722,066,526 ordinary shares, a figure shareholders may use when assessing disclosure obligations under FCA transparency rules.

Key Points

  • Rightmove plc (RMV) — UK-listed online property portal operator
  • 650,000 ordinary shares of 0.1 pence each purchased on 6 November 2026 and to be cancelled
  • Weighted average price paid of 546.8039p; lowest price 529.80p, highest 559.60p
  • Investors should watch for further buyback tranches under the 31 July 2026 programme and any update to total shares in issue

Rightmove Cancels 650,000 Shares Bought at Weighted Average 546.80p on 6 November 2026

Rightmove confirmed the purchase of 650,000 ordinary shares of 0.1 pence each on 6 November 2026 through UBS AG London Branch on the London Stock Exchange. The weighted average price paid was 546.8039 pence, with individual trades ranging from a low of 529.80 pence to a high of 559.60 pence. The announcement states the purchased shares will be cancelled, reducing the total number of shares in circulation rather than being held as treasury stock available for future reissue. This cancellation approach is a commonly used method by FTSE-listed companies seeking to return capital to shareholders while incrementally enhancing earnings per share.

Rightmove's Issued Share Capital and Total Voting Rights Following This Cancellation

Following settlement and cancellation of the 6 November tranche, Rightmove's issued share capital will consist of 732,453,502 ordinary shares of 0.1 pence each. Of that total, 10,386,976 shares are held in treasury and do not carry voting rights. The company's total voting rights will therefore stand at 722,066,526. The disclosure states this figure should be used by shareholders as the denominator when calculating whether they are required to notify the FCA of an interest or a change in interest under the Disclosure Guidance and Transparency Rules, making it a practically important figure for institutional and significant retail holders.

Programme Structure: UBS AG London Branch Executing Trades Under the July 2026 Mandate

The buyback forms part of the programme Rightmove announced on 31 July 2026, with UBS AG London Branch appointed as the executing broker. In line with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK — the UK Market Abuse Regulation — Rightmove has made a full breakdown of individual trades available via a linked document. This regulatory requirement ensures transparency around the timing, volume, and pricing of each transaction conducted within the programme. Investors following the pace of the buyback may monitor subsequent daily announcements to track cumulative spend and remaining programme capacity.