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TBC Bank ( (GB:TBCG) ) has provided 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, reducing the total number of shares in issue to 55,889,121. This transaction is part of a previously announced buyback program, potentially impacting the company’s share value and market perception by demonstrating confidence in its financial stability and future prospects.
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. TBC Bank Georgia is a leading financial services group in Georgia, holding 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: 140,301
Technical Sentiment Signal: Buy
Current Market Cap: £2.15B
For an in-depth examination of TBCG stock, go to TipRanks’ Overview page.