Transaction in Own Shares

RNS Number : 4807H

Tesco PLC

27 May 2011

 



Tesco PLC

Share purchases during close period

Tesco PLC (the "Company") announces that it has entered into an irrevocable non-discretionary arrangement (the "Arrangement") with Nomura International Plc, to enable the purchase of its own ordinary shares during its close period that commences on 28 May 2011 and runs until the first quarter results announcement scheduled to be made on Tuesday 14 June 2011. 

The shares will be purchased in order to offset dilution resulting from the issue of shares in connection with the Company's employee share incentive schemes.  The shares purchased pursuant to the Arrangement will be cancelled.

Any share purchases will be effected within certain pre-set parameters, in accordance with the Listing Rules, other applicable laws and the limitations of the Company's general authority to repurchase shares approved at the last Annual General Meeting of the Company's shareholders.

Enquiries:

J Lloyd Company Secretary Tesco PLC Delamare Road Cheshunt Hertfordshire EN8 9SL Tel: [phone]

 

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