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Tesco Executes Share Buyback, Reducing Outstanding Shares
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Tesco Executes Share Buyback, Reducing Outstanding Shares

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Invest with Confidence:

Tesco plc ( (GB:TSCO) ) has shared an update.

Tesco PLC announced the purchase and cancellation of 272,275 ordinary shares as part of its ongoing £1 billion share buyback program, authorized by shareholders at the 2024 Annual General Meeting. This transaction, executed on the London Stock Exchange, reduces the total number of outstanding shares to 6,739,250,728, impacting shareholder interest calculations under the UK’s Disclosure and Transparency Rules.

More about Tesco plc

Tesco PLC is a leading multinational grocery and general merchandise retailer, primarily operating in the United Kingdom. The company focuses on retailing a wide range of products including food, clothing, and electronics, serving millions of customers through physical stores and online platforms.

YTD Price Performance: -0.22%

Average Trading Volume: 21,386,023

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £24.62B

See more data about TSCO stock on TipRanks’ Stock Analysis page.

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