TBC Bank Group PLC Soci G rale Sells Holding in TBC Bank Group (4727J)
June 28 2017 - 9:33AM
UK Regulatory
TIDMTBCG
RNS Number : 4727J
TBC Bank Group PLC
28 June 2017
Société Générale Sells Holding in TBC Bank Group PLC ("TBC
PLC")
TBC PLC (LSE: TBCG) was notified on 28 June 2017 by Société
Générale S.A. ("Société Générale") that it has sold its entire
holding of 2.8 million ordinary shares in TBC PLC.
The shares sold by Société Générale were acquired by a number of
institutional investors from the UK, USA and Europe through an
accelerated bookbuild offering managed by Renaissance Capital and
Barclays Bank PLC.
Société Générale became a shareholder in TBC PLC following the
acquisition in October 2016 by TBC PLC of JSC Bank Republic from
Société Générale for a combination of cash and equity share
consideration. The lock up period applied to Société Générale's
holding ended on March 1 2017.
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
30.3% of loans (or 37.8% taking into account TBC Bank's holding in
JSC Bank Republic and 33.4% of non-banking deposits (or 37.6%
taking into account TBC Bank's holding in JSC Bank Republic) as at
31 March 2017, 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
MSCBSGDLBXDBGRI
(END) Dow Jones Newswires
June 28, 2017 10:33 ET (14:33 GMT)
Tbc Bank (LSE:TBCG)
Historical Stock Chart
From Apr 2024 to May 2024
Tbc Bank (LSE:TBCG)
Historical Stock Chart
From May 2023 to May 2024