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TBC Bank ( (GB:TBCG) ) has shared an update.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 of its ordinary shares at an average price of 4,350 pence per share, as part of a previously announced buyback program. The company plans to cancel these shares, reducing the total number of shares in issue to 55,989,473. This move is likely aimed at 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 provides digitally-led financial services to retail and corporate customers. TBC Bank Georgia is a leading financial services group in Georgia with significant market shares in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, known for its mobile-only bank and digital payments app. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 117,549
Technical Sentiment Signal: Buy
Current Market Cap: £2.43B
For a thorough assessment of TBCG stock, go to TipRanks’ Stock Analysis page.