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TBC Bank ( (GB:TBCG) ) has shared an update.
TBC Bank Group PLC has repurchased 2,000 of its own ordinary shares at a price of 4,265 pence per share as part of its ongoing share buyback programme, and intends to cancel these shares, leaving 55,763,515 ordinary shares in issue with none held in treasury. The transaction, executed on the London Stock Exchange through Peel Hunt LLP, marginally reduces the company’s share count and continues a capital management strategy that can enhance earnings per share and support shareholder value while underscoring confidence in the group’s financial position and long-term prospects.
More about TBC Bank
TBC Bank Group PLC is a London-listed financial services group and constituent of the FTSE 250 Index, serving retail and corporate customers through digitally led banking platforms. It is the parent of TBC Bank Georgia, the country’s leading financial services group by market share in customer loans and deposits, and TBC Uzbekistan, a major digital banking ecosystem in Central Asia with the largest mobile-only bank in Uzbekistan alongside leading digital payments and instalment credit businesses.
Average Trading Volume: 143,596
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.37B
See more data about TBCG stock on TipRanks’ Stock Analysis page.