Transaction in Own Shares

RNS Number : 4057E

Bank of Georgia Group PLC

27 October 2022

 

London, 27 October 2022

Bank of Georgia Group PLC announces transaction in own shares

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that on 27 October 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:	27 October 2022
Number of Shares purchased:	11,500 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:	2160.0000p
Lowest price paid per Share:	2125.0000p
Average market price paid per share:	2146.0096p

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 47,888,655 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:  27 October 2022

Investment firm:  Numis Securities Limited

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	2146.0096p	11,500

Number of shares purchased	Transaction price (per share)	Time of transaction	Execution venue
336	2160	08:24:40	XLON
142	2160	08:24:40	XLON
100	2155	08:26:01	XLON
200	2155	08:26:01	XLON
200	2155	08:26:01	XLON
9	2155	08:26:01	XLON
113	2150	09:58:37	XLON
100	2150	09:58:37	XLON
157	2150	09:58:37	XLON
79	2150	09:58:37	XLON
478	2140	10:32:43	XLON
36	2140	11:02:57	XLON
445	2140	11:27:05	XLON
420	2150	11:54:13	XLON
35	2150	11:54:13	XLON
465	2145	12:00:00	XLON
434	2145	12:00:00	XLON
432	2140	12:00:06	XLON
462	2135	12:39:08	XLON
16	2130	12:43:05	XLON
62	2130	12:43:05	XLON
100	2130	12:43:05	XLON
40	2130	12:43:05	XLON
38	2130	12:43:05	XLON
18	2130	12:43:05	XLON
125	2130	12:43:05	XLON
100	2130	12:43:05	XLON
15	2130	12:43:05	XLON
428	2125	13:20:28	XLON
39	2145	14:01:14	XLON
48	2145	14:01:14	XLON
414	2150	14:07:17	XLON
525	2150	14:07:17	XLON
477	2150	14:07:17	XLON
13	2150	14:07:17	XLON
124	2150	14:26:21	XLON
168	2150	14:26:21	XLON
168	2150	14:26:21	XLON
33	2150	14:26:21	XLON
1	2150	14:26:21	XLON
244	2150	14:46:21	XLON
126	2150	14:46:21	XLON
100	2150	14:46:21	XLON
46	2145	14:47:33	XLON
100	2145	14:48:15	XLON
204	2145	14:48:15	XLON
126	2145	14:48:15	XLON
126	2145	14:48:15	XLON
64	2145	14:48:15	XLON
169	2145	14:48:15	XLON
458	2145	15:08:26	XLON
69	2150	15:32:33	XLON
452	2150	15:32:33	XLON
30	2150	15:32:33	XLON
11	2150	15:32:33	XLON
27	2150	15:32:33	XLON
19	2150	15:32:33	XLON
68	2150	15:32:33	XLON
50	2150	15:52:44	XLON
8	2150	15:52:44	XLON
55	2150	15:52:44	XLON
33	2150	15:52:44	XLON
126	2150	15:52:44	XLON
126	2150	15:52:44	XLON
121	2150	15:52:44	XLON
21	2150	15:52:44	XLON
182	2150	16:01:44	XLON
65	2150	16:01:44	XLON
233	2150	16:01:44	XLON
400	2150	16:09:44	XLON
46	2150	16:09:44	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]

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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

 

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