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TBC Bank Group to Launch GEL50 Million Share Buyback

MT Newswires·11/06/2026 03:01:28
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03:01 AM EST, 11/06/2026 (MT Newswires) -- TBC Bank Group (TBCG.L) will launch a share buyback program of up to 50 million Georgian lari on Friday, according to a same-day release. The Georgian banking group tapped Investec to execute the program, which is expected to run until Feb. 28, 2027. Purchases will be capped at 5,572,679 shares. The program is intended to reduce the company's share capital, with the repurchased shares to be canceled.