Tesco's new chairman snaps up shares and bonds
Tesco’s new chairman John Allan bought 51,978 shares in the supermarket giant on Tuesday.
Food & Drug Retailers
4,369.80
15:45 15/11/24
0.29%
12.74
FTSE 100
8,060.61
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
Tesco
345.50p
15:45 15/11/24
1.05%
3.60p
Allan, who took over from Sir Richard Broadbent in March, purchased the shares at 192.39p each, amounting to a total value of £100,000.
The chairman also spent a further £186,000 on buying up Tesco bonds. He bought 198,000 medium term notes offering 5.5% annual interest which mature in 2033 for 94.08p each.