Bank of Georgia Group PLC Cancellation of Treasury Shares (4166B)
01 October 2022 - 1:21AM
UK Regulatory
TIDMBGEO
RNS Number : 4166B
Bank of Georgia Group PLC
30 September 2022
London, 30 September 2022
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 473,354 treasury shares
bought back under the GEL 72.7 million share buyback and
cancellation programme which was announced on 30 June 2022, which
will be extended by a further 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
939,843.
In accordance with Listing Rule 12.6.4, the Group discloses the
following information:
Date of cancellation 30 September 2022
Number of ordinary shares held in treasury
cancelled 473,354
------------------
Total number of ordinary shares held in
treasury following the cancellation. 51,280
------------------
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). 48,178,305
------------------
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 CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (7515)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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of an offer to buy any securities
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