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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC announced the repurchase of 3,592 of its ordinary shares with the intention to cancel them, a move which will leave the company with a total of 56,228,273 shares in issue. This transaction is part of a buyback program initially announced in May 2024, reflecting the company’s strategy to optimize its capital structure and potentially enhance 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 Uzbek. It focuses on providing digitally-led financial services to both retail and corporate customers, aiming to simplify people’s lives through its offerings.
YTD Price Performance: 2.56%
Average Trading Volume: 93,463
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.8B
See more insights into TBCG stock on TipRanks’ Stock Analysis page.
