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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tbc Bank Group Plc | LSE:TBCG | London | Ordinary Share | GB00BYT18307 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 90.00 | 2.75% | 3,360.00 | 3,355.00 | 3,365.00 | 3,370.00 | 3,275.00 | 3,300.00 | 9,664 | 10:02:06 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMTBCG TIDMTBCB
RNS Number : 8642J
TBC Bank Group PLC
14 September 2016
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Reduction of Capital
TBC Bank Group PLC ("TBC") announces that the reduction of capital described in the prospectus
issued by TBC on 1 June 2016 (the "Reduction of Capital") has today been approved by the High
Court of Justice of England and Wales (the "Court").
The Court Order approving the Reduction of Capital has been registered with the Registrar
of Companies today and accordingly the Reduction of Capital has now become effective. The
nominal value of each of the ordinary shares in the capital of TBC (the "TBC Shares") has
been reduced from GBP5.00 to GBP0.01 and the Reduction of Capital has created distributable
reserves of approximately GBP245.3 million for TBC.
The Reduction of Capital is a legal and accounting adjustment and is not expected to have
any direct impact on the market value of the TBC Shares.
TBC Bank Group PLC
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC
TBC Bank Group PLC is a public limited company registered in England and Wales that was incorporated
in February 2016. TBC Bank Group PLC became the parent company of JSC Bank on 10 August 2016.
About TBC Bank Joint Stock Company ("TBC Bank")
TBC Bank, together with its subsidiaries, is one of the leading universal banking groups in
Georgia, with a total market share of 28.2% of loans and 29.3% of non-banking deposits in
Georgia as at 30 June 2016, according to data published by the NBG. It holds the number one
position in deposits of individuals, the number two position in loans (both to individuals
and to legal entities) and in deposits of legal entities, according to NBG data, and has a
particular expertise in the fast-growing SME and micro sectors, where TBC Bank considers itself
a market leader.
Contact Details: If you have any questions or if you need additional information please contact
IR@tbcbank.com.ge or visit our website www.tbcbankgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUBCBUPQGCC
(END) Dow Jones Newswires
September 14, 2016 10:50 ET (14:50 GMT)
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