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Tesco PLC Advances Share Buyback Initiative

Tesco PLC Advances Share Buyback Initiative

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

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Tesco PLC has continued its £1 billion share buyback program, purchasing 100,000 ordinary shares on September 11, 2024, for an average price of 366.32 pence each. These shares will be cancelled, reducing the total number of ordinary shares in issue to 6,855,070,664. The move is part of a strategy approved by shareholders to enhance shareholder value.

For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.

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