TBC Bank Group PLC Update on Changes to Board Roles (1439P)
February 15 2021 - 7:19AM
UK Regulatory
TIDMTBCG
RNS Number : 1439P
TBC Bank Group PLC
15 February 2021
Update on Changes to Board Roles
European Union Market Abuse Regulation EU 596/2014 requires TBC Bank Group PLC to disclose
that this announcement contains Inside Information, as defined in that Regulation.
Legal Entity Identifier: 213800T6NS9N2WQ3B328
The Board of TBC PLC confirms that Mr. Haag has stepped down from his role as chair of the
audit committee of the Board and audit committee of the Supervisory Board of the JSC TBC Bank
(the "Bank") with immediate effect. Mr. Haag continues as a director of both TBC PLC and TBC
Bank JSC and as a member of the audit committee of both.
The Board of TBC PLC confirms that Maria Luisa Cicognani has been appointed as the interim
chair of the Audit Committee of the Board and the Supervisory Board of the Bank with immediate
effect.
The Board further confirms that Mr. Haag has also decided to step down from the role of Senior
Independent Director of both TBC PLC Board and the Supervisory Board of the Bank with immediate
effect and instead Arne Berggren has been elected as the interim Senior Independent Director
at both TBC PLC Board and Supervisory Board level.
The person responsible for arranging the release of this announcement is Zoltan Szalai.
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 Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales.
TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally
operate in Georgia in the financial sector and other closely related fields. TBC PLC also
recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange
under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the
FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia,
with a total market share of 39.3% of loans and 38.3% of non-banking deposits as of 30 September
2020, according to data published by the National Bank of Georgia.
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