Bank of Georgia Group PLC Directorate Change (4430A)
January 21 2020 - 4:13AM
UK Regulatory
TIDMBGEO
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
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END
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