14th Jul 2006 07:00
Tesco PLC14 July 2006 14 July 2006 Tesco PLC TRANSACTION IN OWN SHARES Tesco PLC announces that it has commenced the share buy-back programme which wasproposed with the release of its Preliminary Results in April 2006. Theintention of this programme is to use at least £1.5bn of the planned £5bn ofproceeds from property sales over the next five years to enhance earnings pershare and improve returns for shareholders. Further purchases will be made fromtime to time, subject to market conditions. On 13 July Tesco PLC purchased 2 million Ordinary Shares of 5p each in Tesco PLCfrom JPMorgan Cazenove Limited at an average price of 342.3238 pence per share.These shares will be cancelled. These purchases were made pursuant to theauthority that was granted by shareholders at the Annual General Meeting on 7July 2006. Enquiries: J Lloyd Deputy Secretary Tesco PLC Delamare Road Cheshunt Hertfordshire EN8 9SL Tel: 01992 632222 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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