U.K.-based grocery retailer Tesco PLC (TSCO) on Tuesday announced the continuation of the existing 1-billion-pound share buyback programme.
The third tranche of the programme would be for an aggregate market value of 400 million pounds by April 2025.
The sole purpose of the same is to reduce the company's share capital.
The aggregate purchase price under this third tranche, together with any other shares purchased on the company's behalf pursuant to its programme, shall not exceed 1 billion pounds.
On October 18, 2024, the company completed the previous tranche of the programme. Between April 22 and October 18, the company has repurchased approx. 188.34 million ordinary shares with an approximate market value of 600 million pounds.
Further to the announcements made on April 10, April 22 and July 29 of 2024, the company has entered into an arrangement with Citigroup Global Markets Limited to repurchase shares, together with any other ordinary shares in the company purchased on behalf of the company (on a riskless principal basis) on the London Stock Exchange and/or Cboe Europe Limited through the BXE and CXE order books.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.