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Tate & Lyle ( (GB:TATE) ) has issued an announcement.
Tate & Lyle PLC announced the purchase of 146,125 ordinary shares as part of its ongoing share buyback program initiated in June 2024. The shares were purchased at a volume-weighted average price of £6.55 per share and will be held in treasury. This transaction is part of Tate & Lyle’s strategy to optimize its capital structure and potentially enhance shareholder value.
More about Tate & Lyle
Tate & Lyle PLC operates in the food and beverage industry, specializing in the production of ingredients such as sweeteners and starches. The company focuses on providing innovative solutions to enhance the taste, texture, and nutritional profile of food products.
YTD Price Performance: 1.31%
Average Trading Volume: 1,468,438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.9B
See more insights into TATE stock on TipRanks’ Stock Analysis page.
