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TBC Bank ( (GB:TBCG) ) just unveiled an announcement.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 ordinary shares at a weighted average price of 4,578.33 pence per share. This transaction is part of a previously announced buyback program, and the purchased shares will be canceled, leaving the company with 56,022,473 ordinary shares in issue. The buyback is expected to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and signaling confidence in the company’s financial health.
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 the leading financial services group in Georgia, holding significant market shares in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring the largest mobile-only bank in the country and popular digital payment services. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index, FTSE4Good Index Series, and MSCI United Kingdom Small Cap Index.
Average Trading Volume: 114,824
Technical Sentiment Signal: Buy
Current Market Cap: £2.5B
Find detailed analytics on TBCG stock on TipRanks’ Stock Analysis page.