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TBC Bank ( (GB:TBCG) ) has issued an announcement.
TBC Bank Group PLC announced the repurchase of 2,760 ordinary shares as part of its ongoing buyback program, with plans to cancel these shares, leaving the company with 56,287,900 shares in issue. This transaction, executed via Investec Bank plc, highlights the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value, reinforcing its strong market position.
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. TBC Bank Georgia is a leading financial services group in Georgia with significant market shares in customer loans and deposits. TBC Uzbekistan is recognized as a foremost digital banking ecosystem in Central Asia, comprising the country’s largest mobile-only bank and notable digital payment services. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is part of the FTSE 250 Index along with other significant indices.
Average Trading Volume: 100,117
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.76B
Learn more about TBCG stock on TipRanks’ Stock Analysis page.
