Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBank Of Georgia Group Regulatory News (BGEO)

Share Price Information for Bank Of Georgia Group (BGEO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3,800.00
Bid: 3,785.00
Ask: 3,810.00
Change: -45.00 (-1.17%)
Spread: 25.00 (0.661%)
Open: 3,820.00
High: 3,910.00
Low: 3,650.00
Prev. Close: 3,845.00
BGEO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

High Court strikes out claim against BGEO GroupLtd

22 Apr 2021 07:00

RNS Number : 2291W
Bank of Georgia Group PLC
22 April 2021
 

 

 

 

 

 

London, 22 April 2021

 

 

High Court strikes out claim against BGEO Group Limited

 

 

Bank of Georgia Group PLC announces that as of 21 April 2021, 4pm (BST), in proceedings #CL-2018-00026 before the High Court of England and Wales, where Roman Pipia (the "Claimant") claimed US$ 286,499,892.00 (alternatively US$ 291,090,892.00) as damages from BGEO Group Limited (formerly BGEO Group PLC) (the "Defendant"), a subsidiary of Bank of Georgia Group PLC, the Claimant's claim has been struck out and dismissed in its entirety pursuant to an Order made by Mrs Justice Cockerill D.B.E. on 19 April 2021. The Defendant, which was represented by Sonia Tolaney QC and Freshfields Bruckhaus Deringer LLP in these proceedings, intends to request reimbursement of its costs on the indemnity basis.

 

The strike out represents the conclusion of all proceedings related to the foreclosure by JSC Bank of Georgia against the assets of Rustavi Azoti LLC. A linked dispute launched before the Georgian Courts by the East West United Bank S.A, Agrochim S.A. and Sistema Holding Limited against JSC Bank of Georgia, JSC BGEO Group (both subsidiaries of Bank of Georgia Group PLC) and others, requesting damages of approximately US$ 93.6 million or restitution, was also finalised in favour of the defendants, with the Supreme Court of Georgia upholding the judgments of the two lower instance courts and dismissing the claimants' claims in full on 29 December 2020.

 

 

 

 

 

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 banking, wealth management 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.15% 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

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCEAXLFADFFEFA
Date   Source Headline
13th Mar 20235:30 pmRNSTransaction in Own Shares
10th Mar 20235:20 pmRNSTransaction in Own Shares
9th Mar 20235:10 pmRNSTransaction in Own Shares
8th Mar 20235:11 pmRNSTransaction in Own Shares
7th Mar 20235:23 pmRNSTransaction in Own Shares
6th Mar 20235:52 pmRNSTransaction in Own Shares
3rd Mar 20235:46 pmRNSTransaction in Own Shares
2nd Mar 20235:16 pmRNSTransaction in Own Shares
1st Mar 20235:14 pmRNSTransaction in Own Shares
1st Mar 202312:21 pmRNSTotal Voting Rights
28th Feb 20235:19 pmRNSTransaction in Own Shares
27th Feb 20235:47 pmRNSTransaction in Own Shares
27th Feb 202312:15 pmRNSDirector/PDMR Shareholding
24th Feb 20233:07 pmRNSDirector/PDMR Shareholding
16th Feb 20237:05 amRNSBOGG PLC announces extension of share buybacks
16th Feb 20237:00 amRNSBOGG PLC 4Q22 & FY22 preliminary financial results
10th Feb 20233:00 pmRNSBOGG PLC Notice of 4Q22 and FY22 Results
5th Jan 20234:30 pmRNSDirector/PDMR Shareholding
3rd Jan 202311:22 amRNSTotal Voting Rights
30th Dec 202212:30 pmRNSBOGG PLC announces settlement of legacy claim
28th Dec 20221:00 pmRNSBOGG announces amendment to taxation model
19th Dec 202211:00 amRNSBOGG announces promotions within management team
16th Dec 20223:29 pmRNSCancellation of Treasury Shares
16th Dec 20222:17 pmRNSDirectorate Change
12th Dec 20224:53 pmRNSTransaction in Own Shares
9th Dec 20225:03 pmRNSTransaction in Own Shares
9th Dec 20223:15 pmRNSDirector/PDMR Shareholding
8th Dec 20225:17 pmRNSTransaction in Own Shares
7th Dec 20225:27 pmRNSTransaction in Own Shares
6th Dec 20225:17 pmRNSTransaction in Own Shares
6th Dec 20222:54 pmRNSDirector/PDMR Shareholding - Replacement
6th Dec 202212:13 pmRNSDirector/PDMR Shareholding
5th Dec 20224:59 pmRNSTransaction in Own Shares
5th Dec 20222:45 pmRNSDirector/PDMR Shareholding
2nd Dec 20225:21 pmRNSTransaction in Own Shares
2nd Dec 20222:25 pmRNSDirector/PDMR Shareholding
1st Dec 20225:11 pmRNSTransaction in Own Shares
1st Dec 202211:46 amRNSTotal Voting Rights
30th Nov 20225:06 pmRNSTransaction in Own Shares
30th Nov 20223:48 pmRNSDirector/PDMR Shareholding
30th Nov 20223:27 pmRNSCancellation of Treasury Shares
29th Nov 20225:11 pmRNSTransaction in Own Shares
28th Nov 20225:41 pmRNSDirector/PDMR Shareholding
28th Nov 20225:03 pmRNSTransaction in Own Shares
25th Nov 20225:00 pmRNSTransaction in Own Shares
25th Nov 20223:58 pmRNSDirector/PDMR Shareholding
25th Nov 20229:17 amRNSCompany Secretary Change
24th Nov 20225:28 pmRNSTransaction in Own Shares
23rd Nov 20225:45 pmRNSTransaction in Own Shares
22nd Nov 20226:10 pmRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.