Tesco plc (GB:TSCO) has released an update.
Tesco PLC has announced the purchase of 5,582,129 of its own ordinary shares at an average price of 305.64 pence per share, as part of its £1,000 million share buyback program. These shares, bought on 16 May 2024 and acquired through Citigroup Global Markets Limited, will be cancelled, reducing the total number of ordinary shares in issue to 7,033,347,611. This move follows previous announcements and is in line with the authorization given by shareholders at the 2023 Annual General Meeting.
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