Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased 400,000 of its own shares as part of its £1 billion share buyback program, paying an average price of 360.99 pence per share. This move, executed through Goldman Sachs International, aligns with the company’s strategy to enhance shareholder value by reducing the number of shares in circulation. Following this transaction, Tesco’s total ordinary shares now stand at approximately 6.85 billion.
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