Bank Of Georgia (LSE:BGEO)
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3 Months : From Aug 2019 to Nov 2019
RNS Number : 3578M
Bank of Georgia Group PLC
16 September 2019
London, 16 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 37,000 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 13 September 2019 with a settlement date of 17 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 345,300 Shares, representing approximately 0.70% of the Group's issued ordinary share capital.
Of the 345,300 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
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
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
firstname.lastname@example.org email@example.com firstname.lastname@example.org email@example.com
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(END) Dow Jones Newswires
September 16, 2019 02:01 ET (06:01 GMT)