Tesco PLC announced on October 21, 2025, the purchase of 2,000,000 ordinary shares at an average price of 441.31 pence per share, as part of its £1.45 billion share buyback program. The highest price paid per share was 442.70 pence, and the lowest was 438.40 pence. Following this transaction, the remaining number of ordinary shares in issue will be 6,485,368,953. Since April 10, 2025, Tesco has purchased 251,472,809 ordinary shares for cancellation, totaling £1,000.5 million. The purchased shares will be cancelled.
Further to the announcements made on 10 April 2025 and 28 July 2025, Tesco PLC (the "Company") announces that on 20 October 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
20 October 2025
Number of Shares purchased:
2,000,000
Average price paid per Share (pence):
441.31p
Highest price paid per Share (pence):
442.70p
Lowest price paid per Share (pence):
438.40p
Broker:
Goldman Sachs International
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 6,485,368,953. The Company does not hold any ordinary shares in Treasury.
The figure of 6,485,368,953 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 251,472,809 ordinary shares, totalling £1,000.5m, 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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