Tesco plc (GB:TSCO) has released an update.
Tesco PLC has announced the purchase and subsequent cancellation of 2.7 million of its own shares as part of an ongoing £1 billion share buyback program, initiated following the approval from its shareholders at the 2023 Annual General Meeting. The transaction, which took place on 14 June 2024, involved shares bought at an average price of 308.45 pence each, with the remaining number of shares in issue now totaling 6,944,588,713. This move is part of Tesco’s broader capital allocation strategy and may impact shareholders’ notification obligations under the Disclosure and Transparency Rules.
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