London, 2 April
2024
Update on Acquisition of
Ameriabank
On 14 March 2024, Bank of Georgia
Group PLC (the "Company")
announced that its shareholders had approved, by the passing of an
ordinary resolution, the Company's proposed acquisition of
Ameriabank CJSC. The Company noted that regulatory approval from
the National Bank of Georgia had also been received, and the
Company intended to proceed to completion under the Acquisition
Agreement upon the receipt of regulatory approvals in
Armenia.
The Board and Management of the
Company is pleased to announce that, having received unconditional
approval from the Armenian Competition
Protection Commission and the Central Bank
of Armenia, the parties will now move swiftly to completion under
the Acquisition Agreement.
Note that, as disclosed in the class
1 circular published by the Company on 19 February 2024, European
Bank for Reconstruction and Development have retained 11,713 shares
in Ameriabank, equal to 10% of Ameriabank's total issued share
capital, with such shares being the subject of a put and call
option, a summary of the terms of which is set out in Part III
(Principal Terms and Conditions
of the Acquisition Agreement and the Shareholders' (Put and Call
Option) Agreement) of the class 1 circular.
Name of authorised official of
issuer responsible for making notification: Nini Arshakuni, Head of
Investor Relations
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (the
'Company' - LSE: BGEO LN) is a FTSE-250 company. Its core entity is
JSC Bank of Georgia ('Bank of Georgia', 'BOG', or the 'Bank'), a
digital banking leader in Georgia that provides a suite of banking
and financial services to retail clients and businesses. By
building on its competitive strengths, the Group is committed to
delivering strong profitability sustainably and maximising
shareholder value.
Legal Entity Identifier:
213800XKDG12NQG8VC53
For
further information, please visit www.bankofgeorgiagroup.com
or
contact:
Michael Oliver
|
Nini Arshakuni
|
Adviser to the CEO
|
Head of Investor
Relations
|
+44 203 178 4034
|
+995 322 444 444 (7515)
|
moliver@bgeo.com
|
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.