Tesco plc (GB:TSCO) has released an update.
On July 1, 2024, Tesco PLC executed a share buyback, purchasing 580,000 of its own ordinary shares at an average price of 308.03 pence per share, as part of its £1 billion share buyback programme. These shares will subsequently be cancelled, thereby reducing the number of ordinary shares in issue to 6,927,442,906. The transaction was facilitated by Citigroup Global Markets Limited and follows previous announcements in April as part of ongoing shareholder value enhancement measures.
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