Transaction in Own Shares

RNS Number : 4132H

Bank of Georgia Group PLC

23 November 2022

 

London, 23 November 2022

Bank of Georgia Group PLC announces transaction in own shares

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that on 23 November 2022, Numis Securities Limited ("Numis") purchased on behalf of the Company the number of ordinary shares of £0.01 each on the London Stock Exchange as set out in the table below (the "Repurchased Shares") pursuant to the share buyback and cancellation programme which was announced on 30 June 2022 (the "Buyback Programme").

Date of purchase:	23 November 2022
Number of Shares purchased:	16,000 Shares
The purchase price represents the volume weighted average price paid by Numis in sourcing the Shares, with the highest and lowest price paid by Numis being:
Highest price paid per Share:	2555.0000p
Lowest price paid per Share:	2495.0000p
Average market price paid per share:	2531.1797p

Application will be made later this month for the Repurchased Shares to be cancelled pending which the shares will be held in Treasury. Following the cancellation of the Repurchased Shares, the total number of ordinary shares with voting rights will be 47,699,595 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company will make further announcements following the completion of any additional purchases pursuant to the Buyback Programme.

The schedule below contains detailed information about the purchase(s) made by Numis Securities Limited on behalf of the Company as part of the Buyback Programme.

Both aggregate data in respect of the Repurchased Shares as well as the individual purchases are set out below.

Schedule of Purchases

Shares purchased:  Bank of Georgia Group PLC (ISIN CODE: GB00BF4HYT85)

Date of purchase:  23 November 2022

Investment firm:  Numis Securities Limited

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	2531.1797p	16,000

Number of shares purchased	Transaction price (per share)	Time of transaction	Execution venue
65	2500	08:29:14	XLON
81	2500	08:29:14	XLON
82	2500	08:29:14	XLON
78	2500	08:29:14	XLON
400	2500	08:31:54	XLON
116	2500	08:31:54	XLON
491	2495	08:32:29	XLON
65	2500	08:53:56	XLON
43	2500	09:55:40	XLON
50	2500	09:55:40	XLON
50	2500	09:55:40	XLON
50	2500	09:55:40	XLON
87	2500	09:55:40	XLON
244	2500	09:55:40	XLON
100	2520	10:28:12	XLON
376	2520	10:28:12	XLON
10	2520	10:31:12	XLON
38	2520	10:31:12	XLON
160	2520	10:31:12	XLON
104	2520	10:31:12	XLON
261	2530	10:39:35	XLON
245	2530	10:39:35	XLON
509	2535	11:12:10	XLON
20	2540	11:17:14	XLON
140	2540	11:17:14	XLON
122	2540	11:17:14	XLON
124	2540	11:17:14	XLON
63	2540	11:17:14	XLON
64	2540	11:17:14	XLON
260	2540	11:33:44	XLON
43	2540	11:33:44	XLON
64	2540	11:33:44	XLON
464	2535	11:49:35	XLON
485	2530	12:02:24	XLON
115	2525	12:02:24	XLON
107	2525	12:02:24	XLON
109	2525	12:02:24	XLON
476	2520	12:46:11	XLON
177	2520	12:46:11	XLON
119	2520	12:46:11	XLON
249	2520	12:46:11	XLON
330	2520	13:01:29	XLON
22	2515	13:29:54	XLON
9	2515	13:29:54	XLON
50	2510	13:44:20	XLON
300	2510	13:44:20	XLON
150	2510	13:44:20	XLON
80	2510	13:44:20	XLON
97	2510	13:44:20	XLON
9	2525	14:30:26	XLON
2	2530	14:34:32	XLON
644	2530	14:34:32	XLON
374	2530	14:34:32	XLON
284	2530	14:34:32	XLON
84	2540	14:56:31	XLON
832	2540	14:58:41	XLON
820	2540	14:58:41	XLON
977	2545	15:33:15	XLON
37	2545	15:33:15	XLON
500	2545	15:33:15	XLON
78	2545	15:33:15	XLON
154	2545	15:33:15	XLON
152	2545	15:33:15	XLON
61	2545	15:33:15	XLON
154	2545	15:33:15	XLON
152	2545	15:33:15	XLON
48	2545	15:33:15	XLON
154	2545	15:33:15	XLON
152	2545	15:33:15	XLON
543	2540	15:47:06	XLON
113	2545	15:58:48	XLON
50	2545	15:58:48	XLON
50	2545	15:58:48	XLON
102	2545	15:58:48	XLON
50	2545	15:58:48	XLON
185	2545	15:58:48	XLON
52	2545	15:58:48	XLON
56	2545	15:58:48	XLON
144	2555	16:08:04	XLON
98	2555	16:08:04	XLON
78	2555	16:08:04	XLON
286	2555	16:08:04	XLON
36	2555	16:08:04	XLON
180	2555	16:11:14	XLON
178	2555	16:11:14	XLON
181	2555	16:11:14	XLON
6	2555	16:11:14	XLON

LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Link Company Matters Limited, [phone]

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" and on the LSE: BGEO LN) is a UK incorporated holding company. The Group mainly comprises: a) retail banking and payment business (Retail Banking); and b) corporate banking and investment banking operations (Corporate and Investment Banking) in Georgia.  JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a systematically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in the payments business and financial mobile application, with strong retail and corporate banking franchises. In line with our digital strategy, the Group focuses on expanding technological and advanced data analytics capabilities to offer more personalised solutions and seamless experiences to our customers. Employee empowerment, customer satisfaction, and data-driven decision-making, together with the strength of the banking franchise, are key enablers of the Group's sustainable value creation. By building on its competitive strengths and uncovering more opportunities, the Group is committed to delivering strong profitability sustainably and maximising shareholder value. The Group expects to benefit from the growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking operations, it aims to deliver on its strategy and its key medium-term objectives  ̶ at least 20% return on average equity (ROAE) and c.10% 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	'Ba2/NP'

For further information, please visit www.bankofgeorgiagroup.com or contact:

Archil Gachechiladze	Michael Oliver	Sulkhan Gvalia	Nini Arshakuni
CEO	Adviser to the CEO	CFO	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (7515)
[e-mail]	[e-mail]	[e-mail]	[e-mail]

---

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

 

END

 

 

POSFLFSDLELVFIF