Bank of Georgia Group PLC Cancellation of Treasury Shares (8281U)

TIDMBGEO

RNS Number : 8281U

Bank of Georgia Group PLC

30 March 2023

London, 30 March 2023

Bank of Georgia Group PLC announces cancellation of shares bought back under buyback programme

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that the Company has cancelled 406,449 treasury shares bought back under the GEL 148 million share buyback and cancellation programme which was announced on 16 February 2023 as an extension of the GEL 72.7 million share buyback and cancellation programme announced on 30 June 2022, and further extended by GEL 40 million as announced on 16 August 2022 (the " Buyback Programme "). The total number of shares cancelled since the launch of the Buyback Programme in June 2022 is 2,076,895.

In accordance with Listing Rule 12.6.4, the Group discloses the following information:

 
 Date of cancellation                           30 March 2023 
 Number of ordinary shares held in treasury 
  cancelled                                     406,449 
                                               -------------- 
 Total number of ordinary shares held in 
  treasury following the cancellation.          78,000 
                                               -------------- 
 Total number of voting rights in issue 
  following the cancellation. 
 
  (This figure may be used by shareholders 
  as the denominator for the calculations 
  by which they will determine if they are 
  required to notify their interest in, or 
  a change to their interest in, the Company 
  under the FCA's Disclosure Guidance and 
  Transparency Rules).                          47,014,533 
                                               -------------- 
 

LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Computershare Company Secretarial Services Limited, [phone]

Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company Secretary.

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" and on the LSE: BGEO LN) is a UK incorporated holding company. The Group mainly comprises: a) retail banking and payment business (Retail Banking); and b) corporate banking and investment banking operations (Corporate and Investment Banking) in Georgia. JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a systematically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in the payments business and financial mobile application, with strong retail and corporate banking franchises. In line with our digital strategy, the Group focuses on expanding technological and advanced data analytics capabilities to offer more personalised solutions and seamless experiences to our customers. Employee empowerment, customer satisfaction, and data-driven decision-making, together with the strength of the banking franchise, are key enablers of the Group's sustainable value creation. By building on its competitive strengths and uncovering more opportunities, the Group is committed to delivering strong profitability sustainably and maximising shareholder value. The Group expects to benefit from the growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking operations, it aims to deliver on its strategy and its key medium-term objectives at least 20% return on average equity (ROAE) and c.10% 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              'Ba2/NP' 
 

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

 
 Archil Gachechiladze    Michael Oliver    Sulkhan Gvalia    Nini Arshakuni 
 CEO                     Adviser to the    CFO               Head of Investor 
                          CEO                                 Relations 
                                                             [phone] 
 [phone]        [phone]  [phone]   (7515) 
 [e-mail]   [e-mail]  [e-mail]    [e-mail] 
 

This 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

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March 30, 2023 10:33 ET (14:33 GMT)