The latest update is out from TP ICap ( (GB:TCAP) ).
TP ICAP Group plc has announced a share buyback transaction, purchasing 50,000 of its own shares to be held in treasury. This move is part of a broader Share Buyback Programme and reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value. The transaction, executed through Peel Hunt LLP, was conducted on the London Stock Exchange at a volume-weighted average price of 268.04 pence per share. The buyback increases the total shares held in treasury to 46,256,771, impacting the company’s issued ordinary share capital and voting rights.
More about TP ICap
TP ICAP Group plc operates in the financial services industry, specializing in interdealer brokerage. The company provides a range of services including brokering for financial, energy, and commodities markets, and is a key player in facilitating transactions and providing market intelligence.
YTD Price Performance: 4.07%
Average Trading Volume: 1,802,116
Technical Sentiment Signal: Sell
Current Market Cap: £1.99B
For a thorough assessment of TCAP stock, go to TipRanks’ Stock Analysis page.