TBC Bank Group PLC Establishment of Employee Benefit Trust

Data : 15/08/2019 @ 08:30
Fonte : UK Regulatory (RNS & others)
Titolo : Tbc Bank Group Plc (TBCG)
Quotazione : 1336.0  -42.0 (-3.05%) @ 17:35
Quotazione Tbc Bank Grafico

TBC Bank Group PLC Establishment of Employee Benefit Trust

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RNS Number : 1548J

TBC Bank Group PLC

15 August 2019

 
                                         Establishment of Employee Benefit Trust 
 
 
             TBC Bank Group PLC ("TBC PLC") announces that it has established the TBC Bank Group PLC Employee 
                Benefit Trust (the "EBT"). It is intended that the EBT will be used to satisfy obligations 
               arising from the TBC Bank Group PLC Deferred Share Plan (the "Deferred Share Plan"), the TBC 
                 Bank Group PLC Long Term Incentive Plan and other shares awards granted to employees. The 
               EBT may purchase ordinary shares of TBC PLC through on-market transactions and may subscribe 
             for newly issued shares. Unless the Deferred Share Plan receives the approval of the shareholders 
             of TBC PLC, the EBT will only use purchased ordinary shares of TBC PLC to satisfy awards granted 
               under the Deferred Share Plan. It may also purchase ordinary shares where an option or award 
               holder wishes to sell their ordinary shares immediately on exercise or vesting. The EBT will 
                                   be administered by Sanne Fiduciary Services Limited. 
 
 
 
                                          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 38.5% of loans and 41.0% of non-banking deposits as at 30 June 
                            2019, according to data published by the National Bank of Georgia. 
 

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

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August 15, 2019 02:30 ET (06:30 GMT)

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