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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 of its ordinary shares at a weighted average price of 4,440 pence per share. This move is part of a previously announced buyback program, and the company plans to cancel these shares, reducing its total number of shares in issue to 56,064,473. This strategic decision may impact the company’s market positioning by potentially increasing shareholder value and optimizing its capital structure.
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 provider in Georgia with significant market shares in customer loans and deposits. TBC Uzbekistan is recognized as a prominent digital banking ecosystem in Central Asia. The company is listed on the London Stock Exchange and is part of the FTSE 250 Index, FTSE4Good Index Series, and the MSCI United Kingdom Small Cap Index.
Average Trading Volume: 112,374
Technical Sentiment Signal: Buy
Current Market Cap: £2.5B
See more data about TBCG stock on TipRanks’ Stock Analysis page.