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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 278,684 ordinary shares as part of its existing £1 billion share buyback program, following shareholder approval at the 2024 Annual General Meeting. This transaction, conducted on the London Stock Exchange, will lead to the cancellation of the purchased shares, impacting the total number of shares in issue, which will now stand at 6,740,892,538. The move is part of Tesco’s strategy to return value to shareholders and manage capital efficiently.
More about Tesco plc
Tesco PLC operates in the retail industry, primarily focusing on providing a wide range of groceries and general merchandise. It is a leading supermarket chain in the UK, serving millions of customers with a vast network of stores and online services.
YTD Price Performance: -3.18%
Average Trading Volume: 21,953,220
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.9B
For an in-depth examination of TSCO stock, go to TipRanks’ Stock Analysis page.
