Directorate Change

RNS Number : 4710I

TBC Bank Group PLC

21 March 2018

 

TBC Bank Group PLC ("TBC Bank")

Directorate Change

TBC Bank today announces that Stefano Marsaglia and Stephan Wilcke both Non-Executive Directors of TBC Bank, are planning to stand down from the TBC Bank Board as part of the evolution of board composition. The process to recruit and select their successors has already commenced and it is planned that the Directors will leave the Board as and when suitable replacements are found during 2018.

Mamuka Khazaradze, Chairman of the Board, said:

"I would like to thank both Stefano and Stephan for their important contributions to TBC Bank and the Board wishes them every success in the future."

ENDS

Enquiries:

TBC Bank

Sean Wade, Director of International Media and IR, TBC Bank

E-mail: [e-mail]

Tel:  [phone]

For further information: http://tbcbankgroup.com/

About TBC Bank Group PLC ("TBC PLC")

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.2% of loans and 39.8% of non-banking deposits as at 31 December 2017, according to the data published by the National Bank of Georgia.

 

END

 

 

BOABDGDXCUDBGIB