Tate & Lyle (GB:TATE) has released an update.
Tate & Lyle PLC has announced the purchase of 236,991 of its own ordinary shares as a part of its share buyback program, at prices ranging from £6.54 to £6.59 per share, with a volume weighted average price of £6.57. These repurchased shares will now be held in treasury, which after this transaction holds over 8 million shares, with the company having nearly 394 million shares in issue (excluding treasury shares). The objective of the buyback, initiated in June 2024, is to reduce the company’s share capital and potentially increase the value of remaining shares.
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