Tesco PLC executes share buyback and cancellation

Tesco SA (GB:TSCO) posted an update.

Tesco PLC has announced the purchase and cancellation of 5,826,485 of its own shares at an average price of 312.65 pence per share, as part of its £1,000m share buyback programme. The transaction, executed through Citigroup Global Markets Limited on May 22, 2024, leaves the Company with 7,010,369,306 shares of common stock outstanding, a significant figure for shareholder reporting obligations.

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