TBC PLC to propose the appointment of new auditor

RNS Number : 2322W

TBC Bank Group PLC

20 December 2021

 

TBC Bank Group PLC to propose the appointment of Ernst & Young LLP as new auditor from 2023

TBC Bank Group PLC ("TBC PLC")  announces its intention to appoint Ernst & Young LLP ("EY") as its auditor for the financial year starting 1 January 2023, subject to shareholder approval at the 2022 Annual General Meeting.

This follows an extensive competitive tender process, which was overseen by TBC PLC's Audit Committee. As a result of this process, the selection of EY was recommended, which has been approved by the TBC PLC Board. PricewaterhouseCoopers LLP ("PwC"), TBC PLC's current external auditor, will continue in its role and will undertake the audit of the TBC Group and TBC PLC for the financial years ending 31 December 2021 and 2022. The appointment of EY for the financial year starting from 1 January 2023 will be recommended to TBC PLC's shareholders for approval at the 2022 Annual General Meeting.

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

Or

Head of Investor Relations

Anna Romelashvili

[e-mail]

About TBC Bank Group PLC ("TBC PLC")

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 38.4% of customer loans and 40.1% of customer deposits as of 30 September 2021, according to data published by the National Bank of Georgia.

 

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