BOGG PLC on possible transaction with Ameriabank

Bank of Georgia Group PLC

15 February 2024

 

London, 15 February 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UK DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR")

Bank of Georgia Group PLC announcement regarding possible transaction with Ameriabank CJSC

Bank of Georgia Group PLC (the "Company" or the "Group") notes the recent media speculation regarding a potential transaction involving Ameriabank CJSC ("Ameriabank"), a leading bank in Armenia, and confirms that it is in advanced discussions with Ameriabank and its current shareholders regarding its potential acquisition.

This transaction is intended to be financed with the Group's surplus capital, without changing the Company's dividend and capital distribution policy.

The transaction, if it proceeds, will constitute a class 1 transaction under the UK FCA's Listing Rules. The Company will update shareholders as to progress made in relation to the acquisition as and when appropriate. There can be no certainty that a transaction will be signed nor, if signed, concluded.

Name of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (the "Company" - LSE: BGEO LN) is a FTSE-250 company. Its core entity is JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a digital banking leader in Georgia that provides a suite of banking and financial services to retail clients and businesses. By building on its competitive strengths, the Group is committed to delivering strong profitability sustainably and maximising shareholder value.

Legal Entity Identifier: 213800XKDG12NQG8VC53

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

Michael Oliver	Nini Arshakuni
Adviser to the CEO	Head of Investor Relations
[phone]	[phone] (7515)
[e-mail]	[e-mail]

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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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