Bank of Georgia Group announces dividend

RNS Number : 0172U

Bank of Georgia Group PLC

09 July 2018

 

London, 9 July 2018

Bank of Georgia Group announces dividend

The board of directors of Bank of Georgia Group PLC ("the Company") has today declared an interim dividend of Georgian Lari 2.44 per ordinary share in respect of the period ended 30 June 2018, payable to ordinary shareholders of the Company on the register of members at the close of business on 20 July 2018, in British Pounds Sterling, pursuant to the following timetable:

Ex-Dividend Date: 19 July 2018

Record Date: 20 July 2018

Currency Conversion Date: 20 July 2018

Payment Date: 31 July 2018

The National Bank of Georgia Georgian Lari/British Pounds Sterling average exchange rate for the period 16 to 20 July 2018 will be used as the exchange rate on the Currency Conversion Date.

This decision is in accordance with previous announcements that the Company would recommend a payment of a dividend in an aggregate amount of approximately GEL 120 million following the recently completed demerger.

Those shareholders who have not provided their appropriate bank account details to Computershare Investor Services PLC for payment of the dividend will be paid the dividend by cheque in British Pounds Sterling.

Name of authorised official of issuer responsible for making notification:   

Link Company Matters Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services, b) corporate investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from the underpenetrated banking sector in Georgia through both its retail banking and corporate investment banking services and aims to deliver on its strategy: (1) at least 20% ROAE, and (2) 15%-20% growth of its loan book. 

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:
Fitch Ratings	'BB-/B'
Moody's	'Ba3/NP' (FC) & 'Ba2/NP' (LC)

For further information, please visit www.bankofgeorgiagroup.com or contact:

Kaha Kiknavelidze	Michael Oliver	David Tsiklauri	Natia Kalandarishvili
Group CEO	Adviser to the CEO	Group CFO	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (9282)
[e-mail]	[e-mail]	[e-mail]	[e-mail]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

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