Tesco plc (GB:TSCO) has released an update.
Tesco PLC has continued its share buyback program, purchasing 100,000 ordinary shares on September 5, 2024, as part of a £1 billion initiative announced earlier. The shares, bought at an average price of 366.45 pence each, will be cancelled, reducing the number of shares in issue to 6,855,470,664. This move is part of Tesco’s capital return to shareholders and is likely to impact the share value and market perception.
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