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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 ordinary shares at a weighted average price of 3,724.83 pence each. The company plans to cancel these shares, reducing its total number of shares in issue to 55,910,121. This move is part of a previously announced buyback program, potentially enhancing shareholder value and optimizing the company’s 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 group in Georgia with a significant market share in customer loans and deposits. TBC Uzbekistan operates as a prominent digital banking ecosystem in Central Asia. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 151,766
Technical Sentiment Signal: Buy
Current Market Cap: £2.1B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.