Last checked at 20 May 2024 12:39
20 May 2024
TBC Bank Group PLC
EBT Share Purchase
Further to its announcement of 10 May 2024, TBC Bank Group PLC ("the "Company") has been notified that Apex Fiduciary Services Limited, the trustee of its Employee Benefit Trust (the "EBT"), has on 17 May 2024 purchased 80,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at an average price of 2705.2752 pence per Ordinary Share.
These Ordinary Shares are to be held in the EBT and are intended to be used to satisfy the awards of share options granted to employees of the Company. The EBT is a discretionary trust for the benefit of the Company's employees, including the Directors of the Company.
Subsequent to the announcement of the share buyback on 10 May 2024, TBC PLC determined that rather than acquiring and then transferring the shares to the EBT, that the EBT will acquire shares directly. All other aspects of the announcement of 10 May 2024 remain unchanged.
Further updates will be made as required.
Enquiries please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor Relations
Anna Romelashvili
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.1% of customer loans and 39.5% of customer deposits as of 31 March 2024, according to data published by the National Bank of Georgia on the analytical tool Tableau.