Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased 373,373 ordinary shares as part of its £1 billion share buyback program, with the shares being canceled to reduce the total number in circulation. This move is likely to interest investors as it can potentially enhance shareholder value by reducing supply and potentially boosting the stock price. Following this transaction, Tesco’s total number of shares in issue stands at 6,749,276,517.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
