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TBC Bank ( (GB:TBCG) ) has provided an update.
TBC Bank Group PLC announced the purchase of 3,410 of its own ordinary shares at prices between 3,025 pence and 3,100 pence per share, with an average price of 3,061.9194 pence. This transaction is part of a buyback program initiated in May 2024, and the acquired shares will be canceled, reducing the company’s total number of shares in issue to 56,272,231. The buyback program underlines TBC Bank’s commitment to optimizing its capital structure, which may have implications for the company’s market valuation and shareholder value.
More about TBC Bank
YTD Price Performance: -2.08%
Average Trading Volume: 99,657
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.76B
For an in-depth examination of TBCG stock, go to TipRanks’ Stock Analysis page.
