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TBC Bank ( (GB:TBCG) ) has provided an update.
TBC Bank Group PLC has repurchased 1,500 of its ordinary shares at a price of 4,027.50 pence each through Peel Hunt LLP, as part of a buyback program announced earlier in August 2025. The company plans to cancel these shares, which will reduce the total number of shares in issue to 55,884,621. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing 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 with a significant market share in customer loans and deposits. Additionally, 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: 143,285
Technical Sentiment Signal: Buy
Current Market Cap: £2.24B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.