Tesco PLC Executes Share Buyback, Cancels Shares
Company Announcements

Tesco PLC Executes Share Buyback, Cancels Shares

Tesco plc (GB:TSCO) has released an update.

Tesco PLC has continued its share buyback program by purchasing 800,000 of its own ordinary shares on October 14, 2024, at an average price of 356.35 pence per share, as part of a £1 billion initiative endorsed by shareholders. The acquired shares will be cancelled, reducing the total number of shares in issue to 6,852,070,664. This action is part of the Company’s ongoing efforts to return value to shareholders.

For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.

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