Tesco PLC (the "Company") announces that on 12 May 2023 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, the following number of ordinary shares of 6 1/3 pence on the London Stock Exchange pursuant to its existing £750 million share buyback programme which was announced on 13th April 2023.
The purchased shares will be cancelled.
Description of shares:
Tesco PLC - ordinary shares of 6 1/3 pence
Date of transaction
12 May 2023
Number of Shares purchased:
5,298,416
Average price paid per Share (pence):
274.20p
Highest price paid per Share (pence):
275.80p
Lowest price paid per Share (pence):
272.80p
Broker:
Goldman Sachs International
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 7,304,011,084. The Company does not hold any ordinary shares in Treasury.
The figure of 7,304,011,084 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK(the Market Abuse Regulation), a full breakdown of the individual purchases is attached to this announcement.
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