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An announcement from TBC Bank ( (GB:TBCG) ) is now available.
TBC Bank Group PLC has repurchased 3,000 of its ordinary shares at prices ranging from 3,675 to 3,710 pence per share, with a weighted average price of 3,694.26 pence. The company plans to cancel these shares, reducing its total shares in issue to 55,895,121. This buyback is part of a previously announced program, and the cancellation of shares is expected to impact the company’s share capital structure, potentially enhancing shareholder value.
More about TBC Bank
TBC Bank Group PLC is a public limited company registered in England and Wales, serving as the parent company of TBC Bank Georgia and TBC Uzbekistan. It focuses on providing digitally-led financial services to retail and corporate customers. TBC Bank Georgia is a leading financial services group in Georgia with a significant market share in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring the largest mobile-only bank in the country and a leading digital payments app. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 140,304
Technical Sentiment Signal: Buy
Current Market Cap: £2.1B
Find detailed analytics on TBCG stock on TipRanks’ Stock Analysis page.