TBC Bank Enhances Shareholder Value with Buyback

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

TBC Bank Group PLC has announced the purchase of 5,990 of its ordinary shares at a weighted average price of 3,000.7437 pence, as part of its buyback program. The company plans to cancel these shares, which will leave it with 56,332,986 ordinary shares in circulation. This move is part of TBC Bank’s strategy to enhance shareholder value by reducing the number of shares outstanding.

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