TIDMBGEO

RNS Number : 4928U

Bank of Georgia Group PLC

28 March 2023

London, 28 March 2023

Bank of Georgia Group PLC announces market purchase of shares for its Executive Benefit Trust

Bank of Georgia Group PLC (the "Group") was notified by Apex Group Fiduciary Services Limited ("Apex"), acting as trustee as below, that Apex, through an independent broker, carried out the following purchase in the Group's ordinary shares with a nominal value of GBP0.01 each ("Shares") on the London Stock Exchange:

 
 Apex Fiduciary Services Limited acting as trustee of the 
  Rubicon Executive Equity Compensation Trust: 
 Number of Shares acquired                                  60,000 
                                                           -------------- 
 Average price paid per Share (rounded to two decimal 
  points)                                                   25.60 
                                                           -------------- 
 Date of transaction                                        24 March 2023 
                                                           -------------- 
 Settlement date of transaction                             28 March 2023 
                                                           -------------- 
 Number of Shares held by the Trust following settlement 
  of the above transaction                                  1,119,842 
                                                           -------------- 
 Number of Shares allocated to existing awards              1,120,199 
                                                           -------------- 
 Percentage of the Group's issued share capital 
  (rounded to two decimal points)                           2.36% 
                                                           --------------

Rubicon Executive Equity Compensation Trust holds Shares for the purpose of satisfying awards to be awarded to beneficiaries of the trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under the trust and are therefore treated as having an interest in such Shares.

LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Computershare Company Secretarial Services Limited, +44 (0) 781 250 9450

Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services 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

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBVLFLXXLXBBE

(END) Dow Jones Newswires

March 28, 2023 06:36 ET (10:36 GMT)

Lion Finance (LSE:BGEO)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Lion Finance Charts.
Lion Finance (LSE:BGEO)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Lion Finance Charts.