Dividend Declaration

RNS Number : 9280E

Bank of Georgia Holdings PLC

07 June 2012

 

  London, 7 June 2012 

Dividend Announcement

In the Notice of Annual General Meeting dated 2 May 2012, Bank of Georgia Holdings PLC (the Company) (LSE: BGEO LN), the holding companyof JSC Bank of Georgia (the Bank), Georgia's leading bank, reconfirmed that it would retain the dividend policy previously approved by the Supervisory Board of the Bank.  

As a holding company whose principal assets are the shares of its subsidiaries, the Company relies primarily on dividends from its subsidiaries to generate reserves necessary to pay dividends to its shareholders.  

As a result of the Bank's strong financial performance and condition, the Supervisory Board of the Bank recommended an annual dividend in the amount of GEL 0.70 per share, which was subsequently approved by shareholders at the Bank's Annual General Meeting on 24 May 2012.

Today, the Directors of the Company have  declared an interim dividend of Georgian Lari 0.70 per share, payable to ordinary shareholders of the Company in British Pounds Sterling pursuant to the following timetable:

Interim Dividend Declaration	7 June 2012
Ex-dividend Date	13 June 2012
Record Date	15 June 2012
Currency Conversion Date	25 June 2012
Payment Date	2 July 2012

The most secure method of paying dividends is by direct credit into a nominated bank account.  Ordinary shareholders who have not already done so should provide appropriate bank account details to the Company's Registrar: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY. Those shareholders who do not take advantage of the direct credit facility will be paid the dividend by cheque in British Pounds Sterling.

About Bank of Georgia Holdings plc

Bank of Georgia Holdings plc is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 34% market share), total loans (with a 35% market share) and client deposits (with a 34% market share) as of 31 March 2012, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's	'BB-/B'
FitchRatings	'BB-/B'
Moody's	'B1/NP' (FC) & 'Ba3/NP' (LC)

For further information, please visit www.bog.ge/ir or contact: 

Irakli Gilauri	Macca Ekizashvili
Chief Executive Officer	Head of Investor Relations
[phone]	[phone]
[e-mail]	[e-mail]

      This news 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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