Increase in the Share Capital of JSC TBC Bank

RNS Number : 3762W

TBC Bank Group PLC

08 February 2017

 

Increase in the Share Capital of JSC TBC Bank

TBC Bank Group PLC ("TBC PLC") announces that, subsequent to its investment in JSC TBC Bank ("TBC Bank") on 29 December 2016, certain minority shareholders of TBC Bank have executed their options to subscribe for the additional shares in TBC Bank pro-rata to their existing holdings. Consequently, the share capital of TBC Bank has increased by 754 shares and is therefore now comprised of 52,539,769 outstanding shares as of 8 February 2017.

As of 8 February 2017, TBC PLC owns 51,738,529 shares in the issued share capital of TBC Bank which represents 98.47% of TBC Bank's issued share capital.

For further enquiries, please contact:

Head of Investor Relations

Anna Romelashvili

[e-mail]

About TBC PLC

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.

About TBC Bank

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 29.7% of loans (or 37.2% taking into account TBC Bank's holding in JSC Bank Republic and 30.6% of non-banking deposits (or 35.5% taking into account TBC Bank's holding in JSC Bank Republic) as at 30 September 2016, according to the data published by the NBG.

 

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