Bank of Georgia Group PLC Directorate Change

Date : 01/21/2020 @ 9:13AM
Source : UK Regulatory (RNS & others)
Stock : Bank Of Georgia Group Plc (BGEO)
Quote : 967.0  29.5 (3.15%) @ 8:58AM
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Bank of Georgia Group PLC Directorate Change

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RNS Number : 4430A

Bank of Georgia Group PLC

21 January 2020

London, 21 January 2020

Directorate Change

The Board of Directors of Bank of Georgia Group PLC (the "Company") announces that non-executive director Andreas Wolf has informed the Company of his intention to step down from the Board of Directors, and from the Nomination and Audit Committees, with effect from 31 January 2020. Andreas has indicated that his resignation is due to other business commitments. The Board would like to thank him for his valuable contribution to date, particularly in respect of digital transformation, Project Lean and of the future strategy of the Bank.

This announcement has been made in accordance with the requirements of Listing Rule 9.6.11.

Name of authorised official of issuer responsible for making notification: Natia Kalandarishvili, Head of Investor Relations and Funding

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 
 CEO                     Adviser to the    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

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January 21, 2020 04:13 ET (09:13 GMT)

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