Declaration of Final Dividend
The Board of Directors of TBC PLC,
subject to shareholders' approval, is recommending a final dividend
for the year 2023 of GEL 4.67 per TBC PLC share (the "Final Dividend"). If approved, the
Final Dividend will be paid on 19 July 2024 to shareholders who are
on the register of members at 6:00 PM (BST) on the record date of
14 June 2024, in accordance with the following timetable:
Ex-dividend Date: 13 June
2024
Record Date: 14 June
2024
Currency Conversion Date: 21
June 2024
Payment Date: 19 July
2024
The Georgian Lari to Pound Sterling
exchange rate that will apply to the final dividend payments on the
conversion date of 21 June 2024 will be the average exchange rate
of the National Bank of Georgia for the period of 17 June 2024 to
and including of 21 June 2024 (5 days average).
The Final Dividend, together with
the interim dividend of GEL 2.55 per TBC PLC share paid on 13
October 2023, will equate to a total dividend in respect of the
year ended 31 December 2023 of GEL 7.22 per share, up by 32%
year-on-year, bringing total distribution as a share of net income
to 35% for 2023.
For further enquiries, please
contact:
Director of Investor
Relations
Andrew Keeley
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.
TBC PLC also offers non-financial services via TNET, the largest
digital ecosystem in Georgia. Since 2019, TBC PLC has expanded
its operations into Uzbekistan by operating fast growing
retail digital financial services in the country. 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 customer loans and 40.1% of
customer deposits as of 31 December 2023, according to data
published by the National Bank of Georgia on the analytical tool
Tableau.