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TBC Bank ( (GB:TBCG) ) just unveiled an update.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 of its ordinary shares at prices ranging from 4,485.00 to 4,540.00 pence, with a weighted average price of 4,513.90 pence. The company plans to cancel these shares, reducing its total shares in issue to 56,058,473. This move is part of a previously announced buyback program, potentially enhancing shareholder value by reducing the number of shares outstanding.
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 significant market shares in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring a large user base and offering services like mobile banking and digital payments. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 112,792
Technical Sentiment Signal: Buy
Current Market Cap: £2.49B
Find detailed analytics on TBCG stock on TipRanks’ Stock Analysis page.