Transaction in Own Shares

RNS Number : 9820E

Bank of Georgia Group PLC

01 November 2022

 

London, 1 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 1 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:	1 November 2022
Number of Shares purchased:	11,000 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:	2245.0000p
Lowest price paid per Share:	2160.0000p
Average market price paid per share:	2208.3818p

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 47,855,655 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:  1 November 2022

Investment firm:  Numis Securities Limited

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	2208.3818p	11,000

Number of shares purchased	Transaction price (per share)	Time of transaction	Execution venue
90	2170	08:21:08	XLON
20	2170	08:21:08	XLON
477	2160	09:30:34	XLON
271	2200	09:42:08	XLON
444	2200	09:43:56	XLON
444	2195	10:01:48	XLON
51	2195	10:01:48	XLON
426	2195	10:01:48	XLON
444	2190	10:34:58	XLON
448	2185	10:35:02	XLON
50	2185	10:35:02	XLON
531	2190	11:10:53	XLON
455	2200	11:39:32	XLON
343	2205	12:16:19	XLON
188	2205	12:16:19	XLON
485	2210	12:42:13	XLON
531	2210	13:00:52	XLON
493	2210	13:34:28	XLON
299	2210	13:48:02	XLON
172	2210	13:48:02	XLON
40	2210	14:00:55	XLON
495	2210	14:00:55	XLON
50	2210	14:00:55	XLON
168	2210	14:00:55	XLON
60	2210	14:00:55	XLON
193	2210	14:00:55	XLON
474	2230	14:30:41	XLON
481	2230	14:55:55	XLON
474	2225	14:58:55	XLON
51	2225	15:32:42	XLON
110	2225	15:32:42	XLON
116	2225	15:32:42	XLON
51	2225	15:32:42	XLON
93	2225	15:32:42	XLON
75	2225	15:32:42	XLON
2	2225	15:32:42	XLON
491	2230	15:40:03	XLON
492	2235	15:53:15	XLON
119	2245	16:13:14	XLON
202	2245	16:13:14	XLON
101	2245	16:13:14	XLON

LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Link Company Matters Limited, [phone]

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" 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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