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TBC Bank Conducts Share Buyback as Part of Capital Strategy
Company Announcements

TBC Bank Conducts Share Buyback as Part of Capital Strategy

Story Highlights
  • TBC Bank has repurchased 2,822 shares at an average price of 3,101.7682 pence.
  • This buyback is part of a strategy to enhance shareholder value by reducing total shares in issue.
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An update from TBC Bank ( (GB:TBCG) ) is now available.

TBC Bank Group PLC has executed a share buyback, purchasing 2,822 of its ordinary shares at a weighted average price of 3,101.7682 pence per share. The bank plans to cancel these shares, which will reduce the total number of shares in issue to 56,309,317. This move is part of a previously announced buyback program, indicating a strategic effort to enhance shareholder value and optimize capital structure.

More about TBC Bank

YTD Price Performance: 18.30%

Average Trading Volume: 107,979

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.74B

See more insights into TBCG stock on TipRanks’ Stock Analysis page.

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