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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC announced the purchase of 3,000 ordinary shares as part of its buyback program, with plans to cancel these shares, reducing the total number of shares in issue to 55,847,742. This move is part of a broader strategy to manage the company’s capital structure and could potentially enhance shareholder value by increasing the earnings per share.
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 a significant market share in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring the largest mobile-only bank in the country 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: 147,057
Technical Sentiment Signal: Buy
Current Market Cap: £2.23B
For an in-depth examination of TBCG stock, go to TipRanks’ Overview page.