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Tate & Lyle ( (GB:TATE) ) has provided an update.
Tate & Lyle PLC announced a transaction involving the repurchase of 115,646 of its ordinary shares as part of an ongoing share buyback program. The shares were bought at prices ranging from £7.02 to £7.09, with an average price of £7.05 per share. This financial maneuver is a part of the company’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value by reducing the number of shares in circulation.
More about Tate & Lyle
Tate & Lyle PLC operates in the food and beverage industry, specializing in the production of ingredients such as sweeteners and texturants. The company is focused on providing solutions that enhance taste, texture, and nutritional value, catering to global markets.
YTD Price Performance: 10.64%
Average Trading Volume: 1,446,148
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £3.14B
For a thorough assessment of TATE stock, go to TipRanks’ Stock Analysis page.
