Transaction in Own Shares

RNS Number : 2105G

Bank of Georgia Group PLC

11 November 2022

 

London, 11 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 11 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:	11 November 2022
Number of Shares purchased:	14,000 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:	2520.0000p
Lowest price paid per Share:	2460.0000p
Average market price paid per share:	2499.9014p

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 47,814,122 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:  11 November 2022

Investment firm:  Numis Securities Limited

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
London Stock Exchange	2499.9014p	14,000

Number of shares purchased	Transaction price (per share)	Time of transaction	Execution venue
210	2475	08:12:04	XLON
340	2475	08:12:04	XLON
517	2500	08:41:42	XLON
496	2500	08:41:42	XLON
494	2500	09:04:31	XLON
2	2500	09:33:38	XLON
539	2500	09:33:38	XLON
572	2510	10:58:38	XLON
543	2505	11:01:45	XLON
123	2520	11:55:05	XLON
100	2520	11:55:05	XLON
58	2520	11:55:05	XLON
2	2515	12:24:05	XLON
562	2515	12:24:05	XLON
29	2510	12:25:36	XLON
484	2510	12:25:36	XLON
13	2520	14:05:01	XLON
461	2520	14:05:01	XLON
14	2520	14:05:01	XLON
474	2515	14:11:00	XLON
480	2515	14:11:00	XLON
88	2510	14:11:01	XLON
437	2510	14:11:01	XLON
479	2495	14:22:36	XLON
541	2500	14:39:32	XLON
100	2500	14:39:32	XLON
139	2500	14:39:32	XLON
140	2500	14:39:32	XLON
61	2500	14:39:32	XLON
44	2500	14:39:32	XLON
59	2500	14:39:32	XLON
62	2515	15:00:00	XLON
508	2515	15:00:00	XLON
519	2520	15:27:16	XLON
519	2515	15:33:02	XLON
503	2515	15:33:02	XLON
552	2510	15:33:03	XLON
375	2480	15:53:36	XLON
125	2480	15:53:36	XLON
70	2480	15:53:36	XLON
41	2475	15:54:06	XLON
487	2475	15:54:06	XLON
125	2470	15:54:55	XLON
125	2470	15:54:55	XLON
56	2470	15:54:55	XLON
125	2470	15:54:55	XLON
34	2470	15:54:57	XLON
81	2470	15:56:02	XLON
536	2465	16:02:21	XLON
104	2460	16:09:12	XLON
155	2460	16:09:12	XLON
71	2460	16:09:12	XLON
226	2460	16:09:12	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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