Cancellation of Treasury Shares

RNS Number : 8281U
Bank of Georgia Group PLC
30 March 2023
 

 

London, 30 March 2023

 

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 406,449 treasury shares bought back under the GEL 148 million share buyback and cancellation programme which was announced on 16 February 2023 as an extension of the GEL 72.7 million share buyback and cancellation programme announced on 30 June 2022, and further extended by GEL 40 million as announced on 16 August 2022 (the " Buyback Programme "). The total number of shares cancelled since the launch of the Buyback Programme in June 2022 is 2,076,895.

 

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

 

Date of cancellation

30 March 2023

Number of ordinary shares held in treasury cancelled

406,449

Total number of ordinary shares held in treasury following the cancellation.

 

78,000

Total number of voting rights in issue following the cancellation.

 

(This figure 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).

 

47,014,533

 

 

LEI Number: 213800XKDG12NQG8VC53

 

For further information, please contact: Computershare Company Secretarial Services Limited, +44 (0)7977 267347

 

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

+995 322 444 144

+44 203 178 4034

+995 322 444 108

+995 322 444 444 (7515)

agachechiladze@bog.ge

moliver@bgeo.com

sgvalia@bog.ge

ir@bog.ge

 


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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