Result of EGM
Bank of Georgia
JSC Bank of Georgia announces result of EGM
JSC Bank of Georgia (LSE: BGEO GSE: GEB), the leading Georgian universal
bank (“the Bank”), announced today that all the resolutions put to
shareholders at the Extraordinary Meeting of Shareholders (“EGM”) held
on 22 November, 2010 were passed by the required majority. These
resolutions are contained in the Notice of the EGM dated 2, November
2010, a copy of which as well as other documents pertaining to the EGM
is available on the Bank of Georgia website (www.bog.ge/ir)
or upon request from the Bank at its registered office: 3 Pushkin
Street, Tbilisi, Georgia, 0105.
The total number of voting shares in issue as of the record date of the
EGM (22 October, 2010) was 31,341,144. 97.2862541 % of total voting
shares were present at the EGM. The following resolutions were adopted
at the EGM:
1. Acknowledgement of the resignation of Mr. Jyrki Talvitie from the
Supervisory Board of the Bank;
2. Approval of Ms. Hanna Loikkanen’s election to the Supervisory Board
of the Bank for a term of four years; and
3. Approval of the allotment of up to 1.5 million Bank’s securities for
the new executive compensation plan.
Hanna Loikkanen brief biography
Hanna Loikkanen Finnish national, Chief Representative East
Capital, Moscow Private Equity, joined East Capital in November 2007 and
has over 15 years of experience in working with financial institutions
in Russia and Eastern Europe. Prior to joining East Capital Ms.
Loikkanen served as the Country Manager and CEO for FIM Group in Russia,
she was responsible for setting up and running the Group’s brokerage and
corporate finance operations in Russia. Before joining FIM Group she
worked for Nordea Finance for several years in various management
positions in Poland, Baltic States and Finland. Prior to Nordea, Ms.
Loikkanen worked for Merita Bank in St. Petersburg as well as SEB in
Moscow. Ms. Loikkanen has a Masters degree in Economics and Business
Administration from the Helsinki School of Economics.
About Bank of Georgia
Bank of Georgia is the leading Georgian bank offering a broad range
of corporate banking, retail banking, wealth management, brokerage and
insurance services to its clients in Georgia, Ukraine and Belarus. Bank
of Georgia is the largest bank in Georgia by assets, loans, deposits and
equity, with 34.2% market share by total assets (all data according to
the NBG as of 30 September 2010). The bank has 137 branches and more
than one million retail and 171,052 corporate current accounts.
Bank of Georgia has, as of the date hereof, the following credit
Standard & Poor’s
‘B3/NP’ (FC) & ‘Ba3/NP’ (LC)
For further information, please visit www.bog.ge/ir
Chief Executive Officer
Head of Investor Relations
+995 32 444 109
+44 (0) 20 3178 4052
This news 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.