Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has bought back nearly 7 million of its own shares as part of a £1 billion share buyback programme, with an average price of 340.89 pence per share. Following this transaction, the total number of Tesco’s ordinary shares in circulation stands at approximately 6.8 billion. This strategic move is intended to enhance shareholder value by reducing the number of shares available on the market.
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