Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased 270,678 ordinary shares on the London Stock Exchange as part of its £1 billion share buyback program. The shares, purchased at an average price of 369.44 pence, will be canceled, reducing the total number of shares in issue to approximately 6.75 billion. This move aims to enhance shareholder value by reducing the number of outstanding shares.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
