TBC Bank Announces Share Buyback and Cancellation

TBC Bank (GB:TBCG) has released an update.

TBC Bank has executed a buyback of 2,742 ordinary shares at a weighted average price of 3,229.8997 pence per share, with plans to cancel the purchased shares. This transaction is part of a buyback programme announced earlier this year, reducing the total shares in issue to 56,353,815. Such moves are often seen as attempts to boost shareholder value by reducing the number of shares available in the market.

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