TBC Bank Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

TBC Bank ( (GB:TBCG) ) just unveiled an announcement.

TBC Bank Group PLC has repurchased 3,000 of its own ordinary shares on 6 February 2026 via Peel Hunt LLP at a volume-weighted average price of 4,220.44 pence, with prices ranging between 4,190.00 and 4,250.00 pence. The bank plans to cancel these shares, reducing the total number of shares in issue to 55,748,515, as part of an ongoing buyback programme initiated in August 2025, which is expected to enhance capital efficiency and support shareholder value.

The transactions, executed on the London Stock Exchange’s main market (XLON), form part of TBC Bank’s broader capital management strategy while it continues to expand its digital banking franchises in Georgia and Uzbekistan. The cancellation of treasury shares underscores the group’s confidence in its financial position and growth prospects, potentially improving earnings per share and reinforcing its standing in both the FTSE 250 and regional banking markets.

More about TBC Bank

TBC Bank Group PLC is a London-listed financial services holding company focused on digitally led banking for retail and corporate customers in Georgia and Uzbekistan. Its main subsidiaries include TBC Bank Georgia, the leading Georgian financial services group by loans and deposits, and TBC Uzbekistan, a major digital banking ecosystem in Central Asia with mobile-only banking and digital payments operations.

Average Trading Volume: 135,554

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.38B

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