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TBC Bank ( (GB:TBCG) ) has issued an update.
TBC Bank Group PLC has executed a share buyback, purchasing 10,000 ordinary shares at prices ranging from 4,265 to 4,320 pence each. The company plans to cancel these shares, reducing the total number of shares in issue to 56,110,473. This move is part of a previously announced buyback program, potentially enhancing shareholder value and signaling confidence in the company’s financial stability.
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. TBC Bank Georgia is a leading financial services group in Georgia, holding a significant market share in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring the country’s largest mobile-only bank and a leading digital payments app. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 112,096
Technical Sentiment Signal: Buy
Current Market Cap: £2.45B
For an in-depth examination of TBCG stock, go to TipRanks’ Overview page.