22nd Oct 2024 09:34
Tesco PLC - Welwyn Garden City, England-based supermarket chain - Contracts with Citigroup Global Markets Ltd to run the third tranche of Tesco's GBP1 billion share buyback. The third tranche will be worth GBP400 million. It will be completed by April next year. The second tranche of the buyback, which was run by Goldman Sachs International, was completed on Friday last week. In total, since the programme began in April, Tesco has bought back 188.3 million shares worth GBP600 million. All shares repurchased will be cancelled to reduce capital.
Current stock price: 355.13 pence
12-month change: up 31%
By Tom Waite, Alliance News editor
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