(RTTNews) - Tesco plc. (TSCO.L, TSCDY.PK) announced Monday the commencement of its programme to buy back shares with an aggregate market value equivalent of up to 500 million pounds.
The company said it has entered into an arrangement with Citigroup Global Markets Limited to repurchase shares on its behalf.
The arrangement allows Citi to repurchase shares, in accordance with the company's current buyback authority granted by shareholders at its 2021 Annual General Meeting.
With the share purchases, the company aims to reduce its share capital.
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