Transaction in Own Shares

RNS Number : 3940C

Bank of Georgia Group PLC

10 October 2022

 

London, 10 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 10 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:	10 October 2022
Number of Shares purchased:	15,500 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:	1982.0000p
Lowest price paid per Share:	1940.0000p
Average market price paid per share:	1967.4825p

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 48,060,305 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:  10 October 2022

Investment firm:  Numis Securities Limited

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	1967.4825p	15,500

Number of shares purchased	Transaction price (per share)	Time of transaction	Execution venue
95	1940	08:19:56	XLON
132	1944	08:30:10	XLON
274	1944	08:30:10	XLON
414	1944	08:35:10	XLON
426	1954	08:43:12	XLON
300	1952	08:49:41	XLON
133	1952	08:49:41	XLON
28	1950	08:52:29	XLON
300	1950	08:52:29	XLON
91	1950	08:52:29	XLON
425	1950	09:32:36	XLON
22	1948	09:34:30	XLON
384	1948	09:34:30	XLON
81	1952	11:19:38	XLON
365	1952	11:19:38	XLON
86	1952	11:28:51	XLON
310	1952	11:28:51	XLON
140	1964	12:08:23	XLON
126	1964	12:08:23	XLON
436	1970	12:20:34	XLON
29	1976	12:34:27	XLON
132	1976	12:34:27	XLON
250	1976	12:34:39	XLON
451	1976	12:38:39	XLON
134	1974	12:43:35	XLON
320	1974	12:43:35	XLON
177	1978	12:49:36	XLON
335	1976	13:09:58	XLON
12	1976	13:09:58	XLON
128	1976	13:10:08	XLON
300	1966	13:14:31	XLON
83	1966	13:14:31	XLON
2	1964	13:56:40	XLON
836	1964	14:02:25	XLON
283	1962	14:08:36	XLON
39	1962	14:08:37	XLON
300	1974	14:32:02	XLON
135	1974	14:32:02	XLON
59	1974	14:32:02	XLON
97	1974	14:32:02	XLON
100	1974	14:32:02	XLON
40	1974	14:32:02	XLON
146	1974	14:32:02	XLON
453	1976	14:48:18	XLON
8	1976	14:49:44	XLON
300	1976	14:51:41	XLON
166	1976	14:51:41	XLON
579	1974	14:51:42	XLON
174	1970	14:59:30	XLON
97	1972	14:59:30	XLON
100	1972	14:59:30	XLON
90	1972	15:06:29	XLON
81	1972	15:06:29	XLON
61	1972	15:08:50	XLON
443	1972	15:18:21	XLON
26	1972	15:29:53	XLON
300	1972	15:29:53	XLON
76	1972	15:29:53	XLON
77	1978	15:33:00	XLON
394	1978	15:33:00	XLON
18	1978	15:37:44	XLON
34	1978	15:37:44	XLON
300	1978	15:37:44	XLON
111	1978	15:37:44	XLON
50	1978	15:41:46	XLON
300	1978	15:46:44	XLON
161	1978	15:46:44	XLON
37	1978	15:46:44	XLON
97	1982	15:50:20	XLON
100	1982	15:50:20	XLON
153	1982	15:50:20	XLON
54	1982	15:50:20	XLON
41	1976	15:53:14	XLON
97	1976	15:53:14	XLON
100	1976	15:53:14	XLON
116	1974	16:00:49	XLON
300	1974	16:00:49	XLON
44	1974	16:00:49	XLON
16	1974	16:04:04	XLON
30	1976	16:09:36	XLON
466	1976	16:10:15	XLON
36	1976	16:11:47	XLON
27	1976	16:11:47	XLON
164	1976	16:11:47	XLON
120	1976	16:13:47	XLON
147	1978	16:16:26	XLON

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]

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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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