Tesco PLC announced the purchase of 963,692 ordinary shares on August 19, 2025, at an average price of 420.80 pence per share, ranging from a low of 415.20 pence to a high of 423.10 pence. The shares were purchased through Goldman Sachs International as part of an ongoing £1.45 billion share buyback program. Following this transaction, there are 6,537,956,554 ordinary shares in issue. Since the program's start on April 10, 2025, Tesco has bought back a total of 198,885,208 shares for £769.3 million.
Further to the announcements made on 10 April 2025 and 28 July 2025, Tesco PLC (the "Company") announces that on 19 August 2025 it has purchased, in accordance with the authority granted by shareholders at the 2025 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 £1.45 billion share buyback programme.
The purchased shares will be cancelled.
Description of shares:
Tesco PLC - ordinary shares of 6 1/3 pence
Date of transaction
19 August 2025
Number of Shares purchased:
963,692
Average price paid per Share (pence):
420.80p
Highest price paid per Share (pence):
423.10p
Lowest price paid per Share (pence):
415.20p
Broker:
Goldman Sachs International
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 6,537,956,554. The Company does not hold any ordinary shares in Treasury.
The figure of 6,537,956,554 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 Guidance and Transparency Rules.
Since the launch of the Commencement RNS on 10 April 2025 the Company has purchased 198,885,208 ordinary shares, totalling £769.3m, in aggregate for cancellation.
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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