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TBC Bank ( (GB:TBCG) ) has provided an announcement.
TBC Bank Group PLC announced the repurchase of 3,000 ordinary shares as part of its buyback program, with plans to cancel these shares, reducing the total number of shares in issue to 55,971,473. This move is part of a strategic initiative to optimize the company’s capital structure and potentially enhance 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 provides digitally-led financial services to retail and corporate customers. TBC Bank Georgia is a 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, with a large user base and offerings like a mobile-only bank and digital payments app. TBC PLC is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 125,263
Technical Sentiment Signal: Buy
Current Market Cap: £2.39B
See more data about TBCG stock on TipRanks’ Stock Analysis page.