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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
  22.00 2.07% 1,086.00 1,080.00 1,086.00 1,086.00 1,036.00 1,036.00 40,061 16:29:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 371.6 71.1 0.0 - 596

TBC Bank Group PLC Directors' Intention to Stand for Re-Election

16/04/2021 5:02pm

UK Regulatory (RNS & others)


TIDMTBCG

RNS Number : 7944V

TBC Bank Group PLC

16 April 2021

 
                                 Update on Directors' Intention to Stand for Re-Election 
             This announcement contains inside information for the purposes of Article 7 of the EU Regulation 
                596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 
                       ("UK MAR") and is in accordance with requirements under Article 17 of UK MAR 
 
            Further to its announcement of 1 March 2021, the Board of TBC Bank Group PLC ("TBC PLC") announces 
             that Nikoloz Enukidze, Nicholas Dominic Haag and Eric J. Rajendra have withdrawn their previous 
              notices to not stand for re-election and have instead confirmed to the Board that they intend 
                                  to stand for re-election at the upcoming TBC PLC AGM. 
 
               The other Non-Executive Directors (including the Chair and Senior independent Director) have 
               determined to continue implementing previously-agreed commitments with the National Bank of 
                Georgia ("NBG") regarding an orderly and effective succession plan and nominate members of 
                the Board who will meet the new independence requirements from the NBG, as implemented in 
              the revised NBG Corporate Governance Code. As such, the majority of the Board does not support 
              the re-appointment of Nikoloz Enukidze, Nicholas Dominic Haag and Eric J. Rajendra and expects 
                to recommend that shareholders vote against resolutions in respect of their re-appointment 
                                               at the upcoming TBC PLC AGM. 
 
                 The person responsible for arranging the release of this announcement is Zoltan Szalai. 
                                          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 Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. 
           TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally 
                operate in Georgia in the financial sector and other closely related fields. TBC PLC also 
              recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange 
               under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the 
                           FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index. 
                TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, 
             with a total market share of 39.0% of loans and 37.2% of non-banking deposits as of 31 December 
                            2020, according to data published by the National Bank of Georgia. 
 
 

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END

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April 16, 2021 12:02 ET (16:02 GMT)

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