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The latest update is out from TBC Bank ( (GB:TBCG) ).
TBC Bank Group PLC has repurchased 3,000 of its ordinary shares at a price of 4,240 pence each as part of a previously announced buyback program. The company plans to cancel these shares, which will result in 55,947,473 ordinary shares remaining in issue. This move is part of TBC Bank’s strategy to manage its share capital effectively, potentially enhancing shareholder value and market positioning.
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: 127,925
Technical Sentiment Signal: Buy
Current Market Cap: £2.38B
Find detailed analytics on TBCG stock on TipRanks’ Stock Analysis page.