BOGG announces dividend currency conversion rate
London, 7 October 2022
Dividend Currency Conversion Rate
The Board of Directors of Bank of Georgia Group PLC (the "Group") on 16 August 2022 announced an interim dividend of GEL 1.85 per ordinary share in respect of the period ended 30 June 2022, payable in Pound Sterling on 20 October 2022 (payment date) to the ordinary shareholders of the Group on the register of members at the close of business on 7 October 2022 (record date).
The Group hereby confirms that the National Bank of Georgia's Lari/Pound Sterling average exchange rate for the period of 3 October to 7 October 2022 was 3.1671 and it shall be used to pay dividends to ordinary shareholders of the Group on 20 October 2022.
Those shareholders who have not provided the appropriate bank account details to Computershare Investor Services PLC will be paid the dividend by cheque in Pound Sterling.
Name of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations
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.
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JSC Bank of Georgia has, as of the date hereof, the following credit ratings: |
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Fitch Ratings |
'BB-/B' |
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Moody's |
'Ba2/NP' |
For further information, please visit www.bankofgeorgiagroup.com or contact:
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Archil Gachechiladze |
Michael Oliver |
Sulkhan Gvalia |
Nini Arshakuni |
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CEO |
Adviser to the CEO |
CFO |
Head of Investor Relations |
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+995 322 444 144 |
+44 203 178 4034 |
+995 322 444 108 |
+995 322 444 444 (7515) |
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agachechiladze@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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