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The latest update is out from TBC Bank ( (GB:TBCG) ).
TBC Bank Group PLC has announced the purchase of 2,998 of its ordinary shares through Investec Bank plc, with the transaction being part of a previously announced buyback program. The shares were bought at prices ranging from 3,030 to 3,110 pence per share, with a weighted average price of 3,075.1451 pence, and the company plans to cancel these shares, reducing its total number of outstanding shares to 56,300,867. This move is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
More about TBC Bank
YTD Price Performance: 18.49%
Average Trading Volume: 102,322
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.74B
For a thorough assessment of TBCG stock, go to TipRanks’ Stock Analysis page.
