Tesco plc (GB:TSCO) has released an update.
Tesco PLC has announced a significant share buyback event on 21 May 2024, as part of its £1 billion share repurchase program, resulting in 5,689,772 ordinary shares being acquired and subsequently cancelled. Following the buyback, the total number of remaining shares in issue stands at 7,016,195,791. This move could potentially signal the company’s confidence in its financial health and may affect shareholder value.
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