TBC Bank Group PLC Establishment of Employee Benefit Trust - update (6206D)
February 20 2020 - 4:58AM
UK Regulatory
TIDMTBCG
RNS Number : 6206D
TBC Bank Group PLC
20 February 2020
TBC announces the establishment of the employee benefit trust -
update
TBC Bank Group PLC ("TBC PLC") announces that following the
establishment of the TBC Bank Group PLC employee benefit trust
(EBT) as announced on 15th of August 2019, TBC has decided to fund
the EBT and to recommend that the trustees of the EBT acquire
602,000 shares through on-market transactions. It is expected that
any shares acquired will be used to satisfy share awards to be made
under the TBC Bank Group PLC Deferred Share Plan and Long Term
Incentive Plan.
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("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
and is a constituent of FTSE 250 Index.
TBC Bank, together with its subsidiaries, is the leading
universal banking group in Georgia, with a total market share of
39.5% of loans and 39.0% of non-banking deposits as at 31 December
2019, according to data published by the National Bank of
Georgia.
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END
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