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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase and cancellation of 277,544 ordinary shares as part of its ongoing £1 billion share buyback program. This transaction, executed on the London Stock Exchange with Citigroup Global Markets Limited as the broker, reflects Tesco’s commitment to returning value to shareholders and adjusting its capital structure. The move reduces the total number of ordinary shares in circulation, thus potentially impacting shareholder calculations and interest notifications under the Disclosure and Transparency Rules.
More about Tesco plc
Tesco PLC is a prominent player in the retail industry, primarily known for its grocery and general merchandise sales. It operates extensively in the UK and internationally, focusing on delivering value to its customers through its expansive network of stores and digital platforms.
YTD Price Performance: -2.20%
Average Trading Volume: 22,061,117
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.11B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.
