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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC has repurchased 18,722 of its own ordinary shares on the London Stock Exchange as part of its previously announced share buyback programme, at a volume-weighted average price of 4,370.37 pence. The bank plans to cancel these shares, reducing its share count to 55,726,793, a move that marginally enhances earnings per share and signals continued capital discipline, potentially supporting shareholder value and its market positioning in Georgia and Central Asia.
More about TBC Bank
TBC Bank Group PLC is a London-listed financial services holding company and a constituent of the FTSE 250 Index, operating primarily through TBC Bank Georgia and TBC Uzbekistan. It focuses on digitally led banking for retail and corporate customers, holding leading market shares in Georgia and running Central Asia’s largest digital banking ecosystem via its Uzbekistan platform.
Average Trading Volume: 124,249
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.38B
See more data about TBCG stock on TipRanks’ Stock Analysis page.