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TBC Bank ( (GB:TBCG) ) just unveiled an announcement.
TBC Bank Group PLC has executed a share buyback, purchasing 3,000 of its ordinary shares at prices ranging from 4,510 to 4,600 pence, with a weighted average price of 4,550 pence. The company intends to cancel these shares, reducing its total shares in issue to 56,025,473. This move is part of a previously announced buyback program, potentially enhancing shareholder value by decreasing the number of shares outstanding.
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 is a leading financial services group in Georgia with significant market shares in customer loans and deposits. TBC Uzbekistan is a prominent digital banking ecosystem in Central Asia, featuring the country’s largest mobile-only bank and a leading digital payments app. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 114,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.5B
For a thorough assessment of TBCG stock, go to TipRanks’ Stock Analysis page.