TBC Bank Group PLC Update on Executive Remuneration for 2020 (8157I)
06 Aprile 2020 - 08:00AM
UK Regulatory
TIDMTBCG
RNS Number : 8157I
TBC Bank Group PLC
06 April 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
Update on Executive Remuneration for 2020
On 3 April 2020, TBC Bank Group Plc ("TBC PLC") confirmed the
measures that have been implemented so far that have allowed the
bank to alter its day-to-day operations in order to adapt to the
current unprecedented operating environment, while maintaining the
health, safety and well-being of our staff and customers as the
number one priority.
TBC PLC is continuing to focus on optimising our cost structure,
re-arranging many processes and prioritising expenses. As part of
this, and in recognition of the current extraordinary
circumstances, the Executive Directors of TBC Bank Group PLC and
Top Management of JSC TBC Bank have volunteered to waive all their
rights to potential bonuses and long-term incentive plan grants for
2020, which usually represents the majority of total
compensation.
The Board continues to closely monitor the impact of COVID-19 on
the Group, recognising that circumstances continue to change
rapidly and that further measures may be necessary.
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 of 31 December
2019, according to data published by the National Bank of
Georgia.
LEI number: 213800T6NS9N2WQ3B328
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of TBC PLC is Zoltan Szalai .
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This communication contains both historical and forward-looking
statements. All statements other than statements of historical fact
are, or may be deemed to be, forward-looking statements.
Forward-looking statements may be identified by the use of terms
such as 'may,' 'intends,' 'plan,' 'will,' 'should,' 'potential,'
'reasonably possible' or 'anticipates' or the negative thereof or
similar expressions, or by discussions of strategy. These
forward-looking statements include statements relating to the
impact of the COVID-19 outbreak on the global markets generally and
on TBC Bank Group PLC and its subsidiaries (together, the 'TBC Bank
Group') in particular. TBC Bank Group PLC has based the
forward-looking statements on current expectations and projections
about future events. These forward-looking statements are subject
to risks, uncertainties and assumptions about us. TBC Bank Group
PLC undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. In light of these risks, uncertainties
and assumptions, the forward-looking events discussed herein might
not occur. Investors are cautioned not to place undue reliance on
any forward-looking statements, which speak only as of their
dates.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCEAPLSEAPEEFA
(END) Dow Jones Newswires
April 06, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Tbc Bank (LSE:TBCG)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Tbc Bank (LSE:TBCG)
Storico
Da Mar 2023 a Mar 2024