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TBC Bank ( (GB:TBCG) ) has issued an update.
TBC Bank Group PLC announced the repurchase of 2,971 of its ordinary shares through Investec Bank plc, as part of its buyback program initiated earlier this year. The shares, purchased at a weighted average price of 3,132.6557 pence, will be canceled, leaving the company with 56,321,087 shares in issue. This move is expected to optimize the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in its financial health.
More about TBC Bank
TBC Bank Group PLC operates in the banking and financial services industry, focusing on providing a wide range of banking products and financial services primarily in the regions it serves.
YTD Price Performance: 18.68%
Average Trading Volume: 107,908
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.75B
For detailed information about TBCG stock, go to TipRanks’ Stock Analysis page.
