TBC Bank Group PLC Board Changes (6440G)
25 Luglio 2019 - 8:02AM
UK Regulatory
TIDMTBCG
RNS Number : 6440G
TBC Bank Group PLC
25 July 2019
Board Changes
TBC Bank Group PLC ("TBC PLC") confirms that, further to today's
announcement by the Georgian office of Public Prosecution, the
Chairman and Deputy Chairman have decided to step down from the
board of TBC PLC with immediate effect. They have both arrived at
this decision after careful consideration in order to ensure that
the allegations made against them do not affect the Group and to be
able to concentrate on refuting those allegations.
The Board and the Management would like to thank the Chairman
and the Deputy Chairman for their vision when they founded the bank
in the early 1990's and their invaluable contributions in
successfully turning it into one of the largest and most respected
companies in the South Caucasus region.
The Chairman and the Deputy Chairman intend to seek to re-join
the board of TBC PLC once all the claims made against them have
been cleared. The Board has full confidence in the integrity of Mr.
Khazaradze and Mr. Japaridze and looks forward to the gentlemen
quickly and fully clearing their names of any claims, including
alleged money laundering.
The Board has appointed, with immediate effect, Senior
Independent Director Nikoloz Enukidze to serve as the Chairman of
TBC Bank Group PLC, based on his deep knowledge of the bank, prior
Chairmanship roles in banking sector and extensive regional and
international experience.
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 premium segment of 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
38.4% of loans and 40.4% of non-banking deposits as at 31 March
2019, according to data published by the National Bank of
Georgia.
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contact rns@lseg.com or visit www.rns.com.
END
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