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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase and cancellation of 270,483 of its ordinary shares as part of its ongoing £1 billion share buyback program, authorized by shareholders at the 2024 Annual General Meeting. This transaction reflects the company’s commitment to returning value to its shareholders and may have implications for shareholding calculations under the Disclosure and Transparency Rules, as it reduces the total number of shares in circulation to 6,738,429,947.
More about Tesco plc
Tesco PLC is a leading multinational retail company based in the UK, primarily engaged in the grocery and general merchandise sectors. It operates numerous stores across Europe and Asia, focused on providing a wide range of products and services to its customers.
YTD Price Performance: -1.25%
Average Trading Volume: 21,426,409
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.12B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.
