Tesco plc (GB:TSCO) has released an update.
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Tesco PLC has repurchased 5,343,740 of its ordinary shares as part of its £1 billion share buyback program, with an average price of 347.23 pence per share. This move, executed on November 1, 2024, aligns with shareholder approval from their annual meeting and aims to reduce the total number of shares in circulation. The cancellation of these shares will adjust the remaining shares in issue to 6.8 billion, potentially impacting shareholder interest calculations.
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