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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC announced the repurchase of 3,000 ordinary shares as part of its ongoing buyback program. The shares were bought at prices ranging from 4,150.00 to 4,170.00 pence, with a weighted average price of 4,163.33 pence. The company plans to cancel these shares, reducing the total number of shares in issue to 55,983,473. This move is part of a strategic initiative to optimize capital structure and potentially enhance shareholder value.
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, holding significant market shares in customer loans and deposits. TBC Uzbekistan is recognized as a leading 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: 118,445
Technical Sentiment Signal: Buy
Current Market Cap: £2.3B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.