Dividend Currency Con.Rate & Scrip Ref.Share Price

RNS Number : 1259Q
TBC Bank Group PLC
24 June 2022
 

TBC Bank Group PLC

Dividend Currency Conversion Rate and Scrip Reference Share Price

At the 2022 Annual General Meeting of TBC Bank Group PLC ("TBC PLC") held on 16 June 2022 (the "AGM"), TBC PLC shareholders passed a resolution to declare a final dividend of GEL 2.16 per TBC PLC share (the "Final Dividend"). The Final Dividend will be paid in Pounds Sterling on 15 July 2022 to shareholders who were on the TBC PLC register of members on the record date of 17 June 2022. The ex-dividend date for the Final Dividend was 16 June 2022.

 

TBC PLC today announces that the Georgian Lari to Pound Sterling exchange rate that will apply to all Final Dividend payments will be 3.5819 being the official exchange rate of the National Bank of Georgia for 24 June 2022.

 

TBC PLC today announces that the scrip reference share price that will be used in calculating the entitlement of those who have elected to participate in TBC PLC's scrip dividend scheme (the "Scrip Dividend Scheme") is 13.26 GBP (the "Scrip Reference Share Price").  The Scrip Reference Share Price is based on the average of the closing middle market quotations for the Company's ordinary shares, as derived from the London Stock Exchange Daily Official List, for the five business days commencing on the ex-dividend date of 16 June 2022.

 

Shareholders who hold their shares in CREST and who wish to elect to participate in the Scrip Dividend Scheme should, if they have not already done so, complete a Dividend Election Input Message via CREST no later than 4:30 p.m. (UK time) on 1 July 2022. Full terms and conditions of the Scrip Dividend Scheme are available on TBC PLC's website, www.tbcbankgroup.com .

 

 

 

 

 

 

 

 

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

 

Or

 

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

 

 

About TBC Bank Group PLC ("TBC PLC")

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

 

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 38.9% of customer loans and 40.3% of customer deposits as of 31 March 2022, according to data published by the National Bank of Georgia.

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