TBC Bank (GB:TBCG) has released an update.
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TBC Bank Group PLC has purchased 3,000 of its own shares at an average price of 3,081.70 pence per share as part of a buyback program announced earlier this year. This move is aimed at canceling the purchased shares, leaving the company with 56,338,976 shares in issue. Such buybacks can potentially enhance shareholder value by reducing the number of shares outstanding.
For further insights into GB:TBCG stock, check out TipRanks’ Stock Analysis page.
