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Tate & Lyle ( (GB:TATE) ) has provided an announcement.
Tate & Lyle PLC has announced the repurchase of 194,541 of its ordinary shares as part of its share buyback program initiated earlier in the year. The shares, acquired at prices ranging from £6.88 to £7.02, will be held in treasury, contributing to a total of 29,094,403 treasury shares. This strategic move is aimed at optimizing the company’s capital structure and returning value to shareholders, reflecting positively on its financial management strategies.
More about Tate & Lyle
Tate & Lyle is a global provider in the food and beverage industry, specializing in ingredients and solutions that enhance taste, texture, and functionality. The company focuses on providing innovative products to meet the changing demands of consumers worldwide.
YTD Price Performance: 9.78%
Average Trading Volume: 1,441,413
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £3.11B
For a thorough assessment of TATE stock, go to TipRanks’ Stock Analysis page.
