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Tate & Lyle ( (GB:TATE) ) has issued an update.
Tate & Lyle PLC announced the repurchase of 190,922 of its ordinary shares from Merrill Lynch International as part of its ongoing share buyback programme. The repurchased shares will be held in treasury, bringing the total number of ordinary shares in treasury to 30,198,864, with 446,525,357 ordinary shares remaining in issue. This transaction, conducted on December 30, 2024, was carried out on various trading venues, including the London Stock Exchange, Chi-X, and BATS. The move is part of Tate & Lyle’s efforts to manage its capital structure effectively, potentially enhancing shareholder value through stock price support and reduced outstanding share count.
More about Tate & Lyle
YTD Price Performance: 1.90%
Average Trading Volume: 1,512,589
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.88B
See more insights into TATE stock on TipRanks’ Stock Analysis page.
