Bank of Georgia Group PLC Closing of Acquisition of Ameriabank
03 Aprile 2024 - 5:00PM
RNS Regulatory News
RNS Number : 2109J
Bank of Georgia Group PLC
03 April 2024
London, 3 April
2024
Completion of Acquisition of
Ameriabank
Bank of Georgia Group PLC (the
"Company") announces that,
having received all necessary shareholder and regulatory approvals
as of 29 March 2024, the acquisition of Ameriabank CJSC
("Ameriabank") has now been
completed. The Company will consolidate Ameriabank in the
accounts of the Company as of end of March 2024.
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
|
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