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Tesco Launches Up to GBP200 Million Third Tranche of Share Buyback

MT Newswires·10/19/2026 03:05:31
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03:05 AM EDT, 10/19/2026 (MT Newswires) -- Tesco (TSCO.L) launched the third tranche of its share repurchase program, worth up to 200 million pounds sterling, according to a Monday release. The program's maximum aggregate value is 950 million pounds after an extension announced on Oct. 8. The London-listed supermarket group appointed Morgan Stanley to repurchase ordinary shares on its behalf through the London stock exchange, Cboe Europe, Turquoise, and Aquis. Tesco expects the program to be completed by April 2027. The company repurchased 120,057,841 ordinary shares with a market value of 550 million pounds from April 16 to July 31.