Tesco plc (GB:TSCO) has released an update.
Tesco PLC continues its ambitious share buyback program, announcing the purchase and subsequent cancellation of 100,000 ordinary shares at an average price of 366.66 pence each. This move, executed on 06 September 2024 with the help of Goldman Sachs International, is part of an ongoing £1 billion initiative to reduce the number of shares in issue, now totaling 6,855,370,664. The action aligns with shareholder authorization from the last Annual General Meeting and aims to enhance shareholder value.
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