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TBC Bank ( (GB:TBCG) ) has shared an announcement.
TBC Bank Group PLC has executed a share buyback, purchasing 10,000 of its ordinary shares through Peel Hunt LLP, with plans to cancel these shares. This move is part of a previously announced buyback program aimed at optimizing the company’s capital structure. The cancellation of these shares will leave the company with 56,100,473 ordinary shares in issue. This transaction reflects TBC Bank’s strategic efforts to enhance shareholder value and manage its equity base effectively, potentially impacting its market positioning and investor relations.
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 offers digitally-led financial services to both retail and corporate customers. TBC Bank Georgia is a leading financial services group in Georgia, holding 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: 112,169
Technical Sentiment Signal: Buy
Current Market Cap: £2.39B
Find detailed analytics on TBCG stock on TipRanks’ Stock Analysis page.