Last checked at 26 Jun 2023 12:22
London, 26 June 2023
Bank of Georgia Group PLC announces market purchase of shares for its Executive Benefit Trust
Bank of Georgia Group PLC (the "Group") was notified by Apex Group Fiduciary Services Limited ("Apex"), acting as trustee as below, that Apex, through an independent broker, carried out the following purchase in the Group's ordinary shares with a nominal value of £0.01 each ("Shares") on the London Stock Exchange:
Apex Fiduciary Services Limited acting as trustee of the Rubicon Executive Equity Compensation Trust: | |
Number of Shares acquired | 30,000 |
Average price paid per Share (rounded to two decimal points) | £30.45 |
Date of transaction | 23 June 2023 |
Settlement date of transaction | 27 June 2023 |
Number of Shares held by the Trust following settlement of the above transaction | 1,225,988 |
Number of Shares allocated to existing awards | 1,227,668 |
Percentage of the Group's issued share capital (rounded to two decimal points) | 2.67% |
Rubicon Executive Equity Compensation Trust holds 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.
For further information, upon settlement of the above transactions, together Rubicon Executive Equity Compensation Trust and BOG Group Employee Trust will hold a total of 1,733,382 Shares, representing approximately 3.78% of the Group's issued ordinary share capital.
For further information, please contact: Computershare Company Secretarial Services Limited, +44 (0) 781 250 9450
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 (the 'Company' - LSE: BGEO LN) is a FTSE-250 company. Its core entity is JSC Bank of Georgia ('Bank of Georgia', 'BOG', or the 'Bank'), a digital banking leader in Georgia that provides a suite of banking and financial services to retail clients and businesses. By building on its competitive strengths, the Group is committed to delivering strong profitability sustainably and maximising shareholder value.
Legal Entity Identifier: 213800XKDG12NQG8VC53
For further information, please visit www.bankofgeorgiagroup.com or contact:
Michael Oliver | Nini Arshakuni |
Adviser to the CEO | Head of Investor Relations |
+44 203 178 4034 | +995 322 444 444 (7515) |
moliver@bgeo.com | ir@bog.ge |
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