7 May 2019 07:00
London, 7 May 2019
Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trust
Bank of Georgia Group PLC (the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the BOG Group Employee Trust (the Trust), that Sanne, through a broker-managed buyback programme, purchased in the market 5,000 Bank of Georgia Group PLC ordinary shares with a nominal value of £0.01 each (Shares) at an average price of £17.21 (rounded to two decimal points) per Share, traded on 3 May 2019 with a settlement date of 8 May 2019.
The Trust holds the 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.
Upon settlement of the above transaction, the Trust will hold a total of 181,700 Shares, representing approximately 0.37% of the Group's issued ordinary share capital.
Of the 181,700 Shares held by the Trust, no Shares are allocated to existing awards.
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 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 investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and 15-20% 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 | Natia Kalandarishvili |
Group CEO | Adviser to the CEO | Head of Investor Relations |
+995 322 444 144 | +44 203 178 4034 | +995 322 444 444 (9282) |
agachechiladze@bog.ge | moliver@bgeo.com | 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
Bank Of Georgia Group (BGEO)