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TBC Bank ( (GB:TBCG) ) just unveiled an announcement.
TBC Bank Group PLC has repurchased 1,368 of its ordinary shares through Investec Bank plc with the intention to cancel them, reducing the total shares in issue to 56,296,499. This action is part of a buyback program announced earlier in the year and reflects the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value and market perception.
More about TBC Bank
TBC Bank Group PLC is a public limited company registered in England and Wales, serving as the parent company of TBC Bank Georgia and TBC Uzbekistan. It leads in providing digitally-led financial services to retail and corporate customers, boasting a significant market presence in Georgia with 38.7% of customer loans and 38.4% of customer deposits. In Uzbekistan, it operates the largest mobile-only bank as part of its leading digital banking ecosystem in Central Asia. TBC PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index, FTSE4Good Index Series, and the MSCI United Kingdom Small Cap Index.
YTD Price Performance: 20.41%
Average Trading Volume: 101,193
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.77B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.
