TIDMBGEO

RNS Number : 5771L

Bank of Georgia Group PLC

09 September 2019

London, 9 September 2019

Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trust

Bank of Georgia Group PLC (the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the BOG Group Employee Trust (the Trust), that Sanne, through a broker-managed buyback programme, purchased in the market 10,000 Bank of Georgia Group PLC ordinary shares with a nominal value of GBP0.01 each (Shares) at an average price of GBP13.31 (rounded to two decimal points) per Share, traded on 6 September 2019 with a settlement date of 10 September 2019.

The Trust holds the Shares for the purpose of satisfying awards to be awarded to beneficiaries of the Trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under the Trust and are therefore treated as having an interest in such Shares.

Upon settlement of the above transaction, the Trust will hold a total of 308,300 Shares, representing approximately 0.63% of the Group's issued ordinary share capital.

Of the 308,300 Shares held by the Trust, no Shares are allocated to existing awards.

Name of authorised official of issuer responsible for making notification:

Link Company Matters Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services, b) corporate and investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from superior growth of the Georgian economy through both its retail banking and corporate and investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book.

 
 JSC Bank of Georgia has, as of 
  the date hereof, the following 
  credit ratings: 
 
      Fitch Ratings   'BB-/B' 
      Moody's         'Ba3/NP' (FC) 
                       & 'Ba2/NP' (LC) 
 

For further information, please visit www.bankofgeorgiagroup.com or contact:

 
 Archil Gachechiladze    Michael Oliver    Sulkhan Gvalia    Natia Kalandarishvili 
 Group CEO               Adviser to the    Group CFO         Head of Investor 
                          CEO                                 Relations 
                                                             +995 322 444 444 
 +995 322 444 144        +44 203 178 4034  +995 322 444 108   (9282) 
 agachechiladze@bog.ge   moliver@bgeo.com  sgvalia@bog.ge    ir@bog.ge 
 

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

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

DSHDQLFBKKFXBBX

(END) Dow Jones Newswires

September 09, 2019 02:01 ET (06:01 GMT)

Grafico Azioni Bank Of Georgia (LSE:BGEO)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Bank Of Georgia
Grafico Azioni Bank Of Georgia (LSE:BGEO)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Bank Of Georgia