Cancellation of Treasury Shares

RNS Number : 3188V

Bank of Georgia Group PLC

08 August 2022

 

London, 8 August 2022

Bank of Georgia Group PLC announces cancellation of shares bought back under buyback programme

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that the Company has cancelled 224,094 treasury shares bought back under the GEL 72.7 million share buyback and cancellation programme which was announced on 30 June 2022 (the " Buyback Programme "). The total number of shares cancelled since the launch of the Buyback Programme in June 2022 is 224,094 as at 29 July 2022.

In accordance with Listing Rule 12.6.4, the Group discloses the following information:

Date of cancellation	4 August 2022
Number of ordinary shares held in treasury cancelled as at 29 July 2022	224,094
Total number of ordinary shares held in treasury following the cancellation as at 5 August 2022	46,973
Total number of ordinary shares in issue following the cancellation (excluding shares held in treasury)	48,945,334

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]

---

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

 

END

 

 

POSUWSNRUVUWRAR