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TBC Bank ( (GB:TBCG) ) has shared an update.
TBC Bank Group PLC has repurchased 3,000 of its ordinary shares at a price of 4,500 pence each, as part of a buyback program announced earlier. The company plans to cancel these shares, reducing the total number of shares in issue to 56,001,473. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
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 focuses on providing digitally-led financial services to retail and corporate customers. TBC Bank Georgia 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 largest mobile-only bank in the country and leading digital payment services. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 117,266
Technical Sentiment Signal: Buy
Current Market Cap: £2.49B
See more data about TBCG stock on TipRanks’ Stock Analysis page.