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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC announced the repurchase of 274,116 ordinary shares as part of its ongoing £1 billion share buyback program, authorized at the 2024 Annual General Meeting. The purchased shares will be cancelled, reducing the total number of shares in circulation to 6,738,700,430. This move is part of Tesco’s strategy to enhance shareholder value and optimize its capital structure.
More about Tesco plc
Tesco PLC is a leading multinational retailer based in the UK, primarily engaged in the grocery and general merchandise sectors. It operates numerous stores globally and has a significant focus on providing affordable and quality products to its customers.
YTD Price Performance: -1.25%
Average Trading Volume: 21,426,409
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.12B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.
