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TBC Bank ( (GB:TBCG) ) just unveiled an announcement.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 of its ordinary shares through Peel Hunt LLP, with plans to cancel these shares. This transaction is part of a previously announced buyback program, aiming to optimize the company’s capital structure. The cancellation of these shares will reduce the total number of shares in issue, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
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 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 country’s largest mobile-only bank 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: 149,751
Technical Sentiment Signal: Buy
Current Market Cap: £2.18B
For detailed information about TBCG stock, go to TipRanks’ Stock Analysis page.