Transaction in Own Shares

RNS Number : 5579E
Bank of Georgia Group PLC
28 October 2022
 

 

London, 28 October 2022

 

Bank of Georgia Group PLC announces transaction in own shares

 

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that on 28 October 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:

28 October 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:

 

2160.0000p

Lowest price paid per Share: 

 

2110.0000p

Average market price paid per share:

 

2134.4523p

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 47,877,655 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:  28 October 2022

Investment firm:  Numis Securities Limited

 

Aggregate information:

Venue

Volume-weighted

average price, pence

Aggregated volume

London Stock Exchange

2134.4523p

11,000

 

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Execution venue

493

2130

08:08:46

XLON

290

2130

08:09:23

XLON

210

2130

08:09:23

XLON

484

2110

09:43:30

XLON

472

2115

10:02:57

XLON

211

2120

10:53:49

XLON

3

2140

11:50:21

XLON

430

2140

12:03:38

XLON

178

2140

12:03:38

XLON

4

2140

12:05:17

XLON

46

2155

12:19:43

XLON

262

2155

12:24:43

XLON

227

2155

12:24:43

XLON

44

2155

12:34:43

XLON

82

2155

12:34:43

XLON

152

2155

12:34:43

XLON

490

2160

13:18:55

XLON

473

2155

13:21:05

XLON

185

2150

13:30:31

XLON

6

2150

13:34:28

XLON

356

2150

13:34:28

XLON

457

2145

13:41:02

XLON

471

2140

14:19:33

XLON

465

2140

14:19:33

XLON

295

2135

14:24:35

XLON

148

2135

14:24:35

XLON

74

2125

14:30:17

XLON

379

2125

14:30:17

XLON

66

2135

15:10:21

XLON

156

2135

15:10:21

XLON

156

2135

15:10:21

XLON

156

2135

15:10:21

XLON

156

2135

15:10:21

XLON

82

2135

15:10:21

XLON

442

2130

15:14:47

XLON

95

2125

15:17:42

XLON

502

2125

15:36:33

XLON

355

2125

15:36:33

XLON

8

2125

15:56:33

XLON

92

2125

15:56:33

XLON

82

2125

15:56:33

XLON

44

2125

15:56:33

XLON

88

2125

15:56:33

XLON

41

2125

16:03:16

XLON

82

2125

16:03:16

XLON

92

2125

16:03:16

XLON

88

2125

16:03:16

XLON

5

2125

16:03:16

XLON

38

2120

16:14:54

XLON

388

2120

16:15:58

XLON

203

2120

16:15:58

XLON

196

2120

16:15:58

XLON

 

 

LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Link Company Matters Limited, +44 (0)20 7954 9567

 

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

+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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