TBC Bank Group PLC Notice of AGM (0209E)
May 03 2017 - 2:29AM
UK Regulatory
TIDMTBCG
RNS Number : 0209E
TBC Bank Group PLC
03 May 2017
Notice of Annual General Meeting
Further to the publication on 3 April 2017 of the TBC Bank Group
PLC ("TBC PLC") Annual Report for the financial year ended 31
December 2016, TBC PLC announces that it has, today, posted or made
available to shareholders the notice of Annual General Meeting and
related form of proxy (together, the "Notice of AGM").
The Notice of AGM has been submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM. The Notice of AGM is also available
on TBC PLC's website at www.tbcbankgroup.com.
The Annual General Meeting will be held at 10.00 am (BST) on
Monday, 5 June 2017 at the offices of Baker McKenzie, 100 New
Bridge Street, London EC4V 6JA (the "AGM").
The Notice of AGM includes a resolution to approve a final
dividend of GEL 1.42 per TBC PLC share (the "Final Dividend"). If
approved, the Final Dividend would be paid on 14 July 2017 (in GBP
at the official exchange rate of the National Bank of Georgia for
15 June 2017) to shareholders who are on the register of members on
the record date of 9 June 2017. The ex-dividend date for the Final
Dividend would be 8 June 2017.
In addition, subject to shareholder approval, TBC PLC plans to
operate an optional scrip dividend scheme that will commence with
the proposed Final Dividend and give shareholders the right to
receive new ordinary shares in the capital of TBC PLC (credited as
fully paid) instead of cash.
ENDS
For further enquiries, please contact:
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
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.
TBC Bank, together with its subsidiaries, is the leading
universal banking group in Georgia, with a total market share of
31.1% of loans (or 38.9% taking into account TBC Bank's holding in
JSC Bank Republic and 33.0% of non-banking deposits (or 37.8%
taking into account TBC Bank's holding in JSC Bank Republic) as at
31 December 2016, according to the data published by the National
Bank of Georgia.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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