Tesco plc (GB:TSCO) has released an update.
Tesco PLC has initiated a share buyback programme to repurchase up to £1 billion in shares by April 2025, beginning with an initial tranche worth £450 million. The buybacks, managed independently by Citigroup Global Markets Limited, aim to reduce the company’s share capital and will adhere to regulatory pricing guidelines. The programme follows shareholder authorization from the 2023 Annual General Meeting and aligns with UK market regulations.
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