Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased 1,050,796 of its ordinary shares as part of a £1 billion buyback program, with an average price of 343.44 pence per share. These shares will be canceled, reducing the total number of shares available in the market to 6,755,317,679. This strategic move aims to enhance shareholder value and optimize the company’s capital structure.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
