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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC announced the purchase of 3,000 of its own ordinary shares, with plans to cancel them, reducing the total number of shares in issue to 55,852,242. This buyback is part of a previously announced program, reflecting the company’s strategic financial management and potentially impacting 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 a significant market share in customer loans and deposits. TBC Uzbekistan is 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, FTSE4Good Index Series, and MSCI United Kingdom Small Cap Index.
Average Trading Volume: 147,021
Technical Sentiment Signal: Buy
Current Market Cap: £2.23B
See more insights into TBCG stock on TipRanks’ Stock Analysis page.