Tate & Lyle Completes £215 Million Share Buyback Program

Tate & Lyle ( (GB:TATE) ) has provided an update.

Tate & Lyle PLC has completed a non-discretionary share buyback program, purchasing 31,294,579 ordinary shares at a total value of approximately £215 million. This buyback is part of their broader strategy to enhance shareholder value, and following this transaction, the company has 445,429,642 ordinary shares in issue. This move reflects Tate & Lyle’s confidence in its growth prospects and financial stability, potentially strengthening its market position and returning value to stakeholders.

More about Tate & Lyle

Tate & Lyle PLC is a company with a 165-year history of ingredient innovation, providing healthier and tastier food and drink options globally. The company offers expertise in sweetening, mouthfeel, and fortification, developing ingredients that reduce sugar, calories, and fat, and add fiber and protein to various food categories. Tate & Lyle recently acquired CP Kelco, enhancing its capabilities in mouthfeel solutions, and employs over 5,000 people across 39 countries, serving customers in more than 120 nations. The company is listed on the London Stock Exchange and reported a pro forma revenue of £2.25 billion for the year ending March 2024.

YTD Price Performance: -2.08%

Average Trading Volume: 1,500,827

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.8B

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