TBC Bank Announces Share Buyback and Cancellation

TBC Bank (GB:TBCG) has released an update.

TBC Bank Group PLC has announced the repurchase of 2,995 of its ordinary shares at prices ranging from 2,680 to 2,795 pence, as part of a buyback program. The shares were bought through Investec Bank plc and will be subsequently canceled. This move is often seen as a strategy to consolidate ownership and potentially increase the value of remaining shares.

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