Transaction in Own Shares

RNS Number : 2040S
Bank of Georgia Group PLC
07 March 2023
 

London, 7 March 2023

 

Bank of Georgia Group PLC announces transaction in own shares

 

Bank of Georgia Group PLC (the " Company "- LSE: BGEO LN) announces that on 7 March 2023, 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 16 February 2023 (the "Buyback Programme").

 

Date of purchase:

7 March 2023

 

Number of Shares purchased:

 

16,500 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:

 

3000.0000p

Lowest price paid per Share: 

 

2925.0000p

Average market price paid per share:

 

2979.6855p

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 47,396,982 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:  7 March 2023

Investment firm:  Numis Securities Limited

 

Aggregate information:

Venue

Volume-weighted

average price, pence

Aggregated volume

London Stock Exchange

2979.6855p

16,500

 

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Execution venue

37

3000

08:38:01

XLON

229

3000

08:38:01

XLON

274

3000

08:38:01

XLON

26

3000

08:51:44

XLON

272

2995

09:08:55

XLON

83

3000

10:24:52

XLON

37

3000

10:24:52

XLON

10

3000

10:24:52

XLON

237

2995

10:25:58

XLON

109

2995

10:25:58

XLON

40

2995

10:31:09

XLON

284

2990

10:50:07

XLON

74

2985

10:50:07

XLON

119

2975

10:50:30

XLON

154

2975

10:50:31

XLON

6

2975

10:50:31

XLON

42

2975

11:17:09

XLON

150

2975

11:17:09

XLON

75

2975

11:17:09

XLON

21

2970

11:43:13

XLON

82

2970

11:43:13

XLON

16

2970

11:43:13

XLON

75

2970

11:43:13

XLON

104

2970

11:43:13

XLON

37

2970

12:27:13

XLON

60

2970

12:27:13

XLON

256

2970

12:58:34

XLON

245

2965

12:58:34

XLON

11

2965

13:08:44

XLON

319

2965

13:08:44

XLON

29

2965

13:14:44

XLON

17

2965

13:14:44

XLON

95

2965

13:14:44

XLON

66

2975

13:30:30

XLON

198

2975

13:30:30

XLON

225

2975

13:48:30

XLON

69

2975

13:48:30

XLON

7

2990

14:02:17

XLON

340

2990

14:02:20

XLON

31

2990

14:02:20

XLON

3

2990

14:04:37

XLON

264

2990

14:04:37

XLON

53

2990

14:13:37

XLON

225

2990

14:13:37

XLON

10

2990

14:13:37

XLON

7500

2990

14:28:35

XLON

5

2980

14:59:00

XLON

37

2980

15:00:00

XLON

75

2980

15:00:00

XLON

39

2980

15:00:07

XLON

139

2980

15:00:07

XLON

37

2980

15:00:07

XLON

134

2980

15:00:07

XLON

40

2980

15:00:07

XLON

81

2980

15:00:07

XLON

48

2980

15:00:38

XLON

134

2980

15:00:38

XLON

77

2980

15:00:38

XLON

253

2975

15:01:28

XLON

255

2970

15:03:52

XLON

242

2965

15:04:51

XLON

286

2955

15:17:46

XLON

283

2955

15:22:58

XLON

181

2950

15:24:00

XLON

63

2950

15:32:02

XLON

9

2950

15:32:02

XLON

234

2950

15:32:02

XLON

254

2950

15:32:02

XLON

72

2930

15:42:02

XLON

72

2930

15:44:02

XLON

72

2930

15:45:02

XLON

39

2930

15:46:05

XLON

11

2930

15:48:02

XLON

1

2930

15:48:02

XLON

72

2930

15:50:02

XLON

72

2930

15:57:02

XLON

133

2930

15:58:25

XLON

103

2930

16:12:00

XLON

141

2930

16:12:00

XLON

190

2925

16:17:02

XLON

 


LEI Number: 213800XKDG12NQG8VC53

For further information, please contact: Computershare Company Secretarial Services Limited, +44 (0) 781 250 9450

 

Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services 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

+995 322 444 144

+44 203 178 4034

+995 322 444 108

+995 322 444 444 (7515)

agachechiladze@bog.ge

moliver@bgeo.com

sgvalia@bog.ge

ir@bog.ge

 


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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