Tbilisi (GBC) – Allan Gray Proprietary Limited has increased its stake in TBC Bank Group PLC (TBC PLC) from 2.993% to 3.2731%.

Following a two-year period of reducing its holdings, this marks Allan Gray’s first transaction in which it purchased shares of TBC PLC.

Previously, Allan Gray last traded TBC shares on 27 June, reducing its stake from 3.8861% to 2.993%. Before that, it traded on 2 November 2023, lowering its holding from 4.9897% to 3.9978%.

As a result of the most recent transaction, the number of ordinary shares with voting rights held by Allan Gray increased from 1,682,584 to 1,831,304. The trade took place in mid-November in Cape Town, South Africa.