Tesco plc (GB:TSCO) has released an update.
Tesco PLC has announced the purchase of 400,000 of its own shares at an average price of 355.06 pence each, as part of its ongoing £1 billion share buyback program. The shares will be canceled, reducing the company’s total ordinary shares in issue to approximately 6.85 billion. This strategic move aims to enhance shareholder value and optimize the company’s capital structure.
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