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TBC Bank ( (GB:TBCG) ) has provided an update.
TBC Bank Group PLC has announced the repurchase of 3,288 of its own ordinary shares as part of a previously declared buyback program. The repurchased shares, acquired at a weighted average price of 3,085.9383 pence, will be canceled, leaving the company with 56,243,267 ordinary shares in issue. This move is aligned with TBC Bank’s strategy to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share and the value of remaining shares.
More about TBC Bank
TBC Bank Group PLC operates within the financial services industry, providing a range of banking products and services. The company’s market focus is on expanding its shareholder value through strategic financial operations such as share buybacks.
YTD Price Performance: -1.60%
Average Trading Volume: 95,010
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.73B
See more insights into TBCG stock on TipRanks’ Stock Analysis page.
