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Tate & Lyle ( (GB:TATE) ) has issued an announcement.
Tate & Lyle PLC has executed a purchase of 175,972 of its ordinary shares as part of a share buyback initiative, initially announced on 20 June 2024. The repurchased shares will be held in treasury, adjusting the company’s treasury holdings to 29,270,375 shares, with 447,453,846 shares remaining in circulation. This strategic move is part of Tate & Lyle’s efforts to manage its capital structure and return value to shareholders, potentially enhancing its market position and shareholder confidence.
More about Tate & Lyle
YTD Price Performance: 7.91%
Average Trading Volume: 1,458,826
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.06B
For an in-depth examination of TATE stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
