TP ICap ( (GB:TCAP) ) has shared an update.
TP ICAP Group plc has announced the purchase of 323,754 of its own shares, which will be held in treasury. This transaction, conducted through Peel Hunt LLP, is part of the company’s share buyback program aimed at optimizing its capital structure. The purchase reflects a strategic move to enhance shareholder value and manage the company’s share capital effectively, impacting the total voting rights available to shareholders.
More about TP ICap
TP ICAP Group plc operates within the financial services industry, primarily focusing on providing intermediary services for wholesale markets. The company facilitates the trading of various financial products, including fixed income, equities, and commodities, and serves a global clientele with a strong presence in the UK market.
YTD Price Performance: -0.39%
Average Trading Volume: 1,925,756
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.96B
See more insights into TCAP stock on TipRanks’ Stock Analysis page.