Tesco plc (GB:TSCO) has released an update.
Tesco PLC has executed a significant share buyback, repurchasing nearly 5.86 million shares at an average price of 355.69 pence, as part of its £1 billion program. These shares will be cancelled, reducing the total number of shares in issue to approximately 6.83 billion. This move could potentially enhance value for shareholders by shrinking the share count and increasing earnings per share.
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