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TBC Bank ( (GB:TBCG) ) has issued an update.
TBC Bank Group PLC announced the repurchase of 3,000 of its ordinary shares through Investec Bank plc as part of its buyback program, initially launched in May 2024. Following the cancellation of these shares, the company will have 56,281,960 ordinary shares in issue. This move is aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially impacting the company’s stock performance and market perception.
More about TBC Bank
TBC Bank Group PLC is a digitally-led financial services provider catering to retail and corporate customers. Registered in England and Wales, it is the parent company of TBC Bank Georgia and TBC Uzbekistan. TBC Bank Georgia is a leading financial services group in Georgia, commanding a market share of 38.7% in customer loans and 38.4% in customer deposits as of September 2024.
YTD Price Performance: -0.32%
Average Trading Volume: 99,382
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.75B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.
