Last checked at 6 Dec 2021 16:34
London, 6 December 2021
Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trusts
Bank of Georgia Group PLC (the "Group") was notified by Sanne Fiduciary Services Limited ("Sanne"), acting as trustee as below, that Sanne, through an independent broker, carried out the following purchases in the Group's ordinary shares with a nominal value of £0.01 each (Shares) on the London Stock Exchange:
Sanne Fiduciary Services Limited acting as trustee of the Rubicon Executive Equity Compensation Trust: | |
Number of Shares acquired | 45,282 |
Average price paid per Share (rounded to two decimal points) | £15.60 |
Date of transaction | 3 December 2021 |
Settlement date of transaction | 7 December 2021 |
Number of Shares held by the Trust following settlement of the above transaction | 1,413,629 |
Number of Shares allocated to existing awards | 1,410,106 |
Percentage of the Group's issued share capital (rounded to two decimal points) | 2.88% |
Sanne Fiduciary Services Limited acting as trustee of the BOG Group Employee Trust: | |
Number of Shares acquired | 27,706 |
Average price paid per Share (rounded to two decimal points) | £15.69 |
Date of transaction | 3 December 2021 |
Settlement date of transaction | 7 December 2021 |
Number of Shares held by the Trust following settlement of the above transaction | 696,217 |
Number of Shares allocated to existing awards | 394,195 |
Percentage of the Group's issued share capital (rounded to two decimal points) | 1.42% |
Both trusts hold Shares for the purpose of satisfying awards to be awarded to beneficiaries of each trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under these trusts and are therefore treated as having an interest in such Shares.
For further information, upon settlement of the above transactions, the two trusts will hold a total of 2,109,846 Shares, representing approximately 4.29% of the Group's issued ordinary share capital.
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 banking and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.10% growth of its loan book in the medium-term.
JSC Bank of Georgia has, as of the date hereof, the following credit ratings: | |
Fitch Ratings | 'BB-/B' |
Moody's | 'Ba2/NP' |
For further information, please visit www.bankofgeorgiagroup.com or contact:
Archil Gachechiladze | Michael Oliver | Sulkhan Gvalia | Natia Kalandarishvili |
CEO | Adviser to the CEO | CFO | Head of Investor Relations |
+995 322 444 144 | +44 203 178 4034 | +995 322 444 108 | +995 322 444 444 (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