20.Feb .2020 17:22

TBC announces the establishment of the employee benefit trust

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TBC Bank Group PLC (“TBC PLC”) announces that following the establishment of the TBC Bank Group PLC employee benefit trust (EBT) as announced on 15th of August 2019, TBC has decided to fund the EBT and to recommend that the trustees of the EBT acquire 602,000 shares through on-market transactions.

It is expected that any shares acquired will be used to satisfy share awards to be made under the TBC Bank Group PLC Deferred Share Plan and Long Term Incentive Plan.