Tesco PLC announced the purchase of 946,217 ordinary shares on August 21, 2025, at an average price of 429.91 pence per share, with a high of 431.20 pence and a low of 427.30 pence, through Goldman Sachs International. This brings the total number of shares purchased since April 10, 2025, to 200,782,910, for a total cost of £777.4 million under their £1.45 billion share buyback program. After this purchase, 6,536,058,852 ordinary shares remain in issue.
Further to the announcements made on 10 April 2025 and 28 July 2025, Tesco PLC (the "Company") announces that on 21 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
21 August 2025
Number of Shares purchased:
946,217
Average price paid per Share (pence):
429.91p
Highest price paid per Share (pence):
431.20p
Lowest price paid per Share (pence):
427.30p
Broker:
Goldman Sachs International
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 6,536,058,852. The Company does not hold any ordinary shares in Treasury.
The figure of 6,536,058,852 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 200,782,910 ordinary shares, totalling £777.4m, 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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