Transaction in Own Shares

RNS Number : 9859H

Bank of Georgia Group PLC

29 November 2022

 

London, 29 November 2022

Bank of Georgia Group PLC announces transaction in own shares

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that on 29 November 2022, Numis Securities Limited ("Numis") purchased on behalf of the Company the number of ordinary shares of £0.01 each on the London Stock Exchange as set out in the table below (the "Repurchased Shares") pursuant to the share buyback and cancellation programme which was announced on 30 June 2022 (the "Buyback Programme").

Date of purchase:	29 November 2022
Number of Shares purchased:	16,000 Shares
The purchase price represents the volume weighted average price paid by Numis in sourcing the Shares, with the highest and lowest price paid by Numis being:
Highest price paid per Share:	2560.0000p
Lowest price paid per Share:	2530.0000p
Average market price paid per share:	2542.3613p

Application will be made later this month for the Repurchased Shares to be cancelled pending which the shares will be held in Treasury. Following the cancellation of the Repurchased Shares, the total number of ordinary shares with voting rights will be 47,636,595 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company will make further announcements following the completion of any additional purchases pursuant to the Buyback Programme.

The schedule below contains detailed information about the purchase(s) made by Numis Securities Limited on behalf of the Company as part of the Buyback Programme.

Both aggregate data in respect of the Repurchased Shares as well as the individual purchases are set out below.

Schedule of Purchases

Shares purchased:  Bank of Georgia Group PLC (ISIN CODE: GB00BF4HYT85)

Date of purchase:  29 November 2022

Investment firm:  Numis Securities Limited

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	2542.3613p	16,000

Number of shares purchased	Transaction price (per share)	Time of transaction	Execution venue
543	2545	08:41:17	XLON
498	2540	08:41:21	XLON
52	2555	08:51:22	XLON
63	2555	08:51:22	XLON
92	2555	08:51:22	XLON
92	2555	08:51:22	XLON
69	2555	08:51:22	XLON
556	2545	08:54:41	XLON
40	2545	09:39:56	XLON
441	2545	09:39:56	XLON
90	2540	09:43:07	XLON
350	2540	09:43:07	XLON
98	2540	09:43:07	XLON
535	2540	10:03:36	XLON
559	2540	10:34:08	XLON
494	2535	10:34:09	XLON
597	2535	11:38:47	XLON
55	2530	11:46:05	XLON
464	2530	11:46:05	XLON
98	2535	12:01:25	XLON
119	2535	12:01:25	XLON
540	2535	12:34:05	XLON
312	2540	12:51:42	XLON
242	2540	12:51:42	XLON
454	2540	12:52:12	XLON
95	2540	12:52:12	XLON
149	2540	12:55:02	XLON
400	2540	12:55:02	XLON
210	2530	13:15:49	XLON
281	2530	13:15:49	XLON
162	2535	14:04:26	XLON
350	2535	14:04:26	XLON
36	2535	14:04:26	XLON
71	2540	14:10:42	XLON
122	2540	14:10:42	XLON
123	2540	14:10:42	XLON
133	2540	14:10:42	XLON
71	2540	14:10:42	XLON
5	2540	14:10:42	XLON
440	2535	14:31:53	XLON
126	2535	14:31:53	XLON
102	2535	14:31:53	XLON
153	2535	14:31:53	XLON
154	2535	14:31:53	XLON
129	2535	14:31:53	XLON
408	2545	14:39:58	XLON
118	2545	14:39:58	XLON
17	2545	14:49:13	XLON
115	2545	14:49:13	XLON
115	2545	14:49:13	XLON
343	2545	14:49:13	XLON
168	2545	14:59:13	XLON
85	2545	14:59:13	XLON
30	2545	14:59:13	XLON
365	2545	14:59:13	XLON
342	2545	15:06:18	XLON
234	2545	15:06:18	XLON
584	2550	15:24:14	XLON
169	2550	15:26:32	XLON
338	2550	15:26:32	XLON
400	2555	15:34:57	XLON
112	2555	15:34:57	XLON
162	2555	15:48:58	XLON
135	2555	15:48:58	XLON
135	2555	15:48:58	XLON
132	2555	16:03:04	XLON
135	2555	16:03:04	XLON
135	2555	16:03:04	XLON
118	2560	16:14:32	XLON
3	2560	16:14:32	XLON
135	2560	16:14:32	XLON
202	2560	16:14:32	XLON

LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Computershare Company Secretarial Services Limited, [phone]

Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" and on the LSE: BGEO LN) is a UK incorporated holding company. The Group mainly comprises: a) retail banking and payment business (Retail Banking); and b) corporate banking and investment banking operations (Corporate and Investment Banking) in Georgia.  JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a systematically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in the payments business and financial mobile application, with strong retail and corporate banking franchises. In line with our digital strategy, the Group focuses on expanding technological and advanced data analytics capabilities to offer more personalised solutions and seamless experiences to our customers. Employee empowerment, customer satisfaction, and data-driven decision-making, together with the strength of the banking franchise, are key enablers of the Group's sustainable value creation. By building on its competitive strengths and uncovering more opportunities, the Group is committed to delivering strong profitability sustainably and maximising shareholder value. The Group expects to benefit from the growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking operations, it aims to deliver on its strategy and its key medium-term objectives  ̶ at least 20% return on average equity (ROAE) and c.10% 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	'Ba2/NP'

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

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

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This 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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