Cancellation of Treasury Shares

Summary by AI BETAClose X

Lion Finance cancelled 51,089 treasury shares on 4 November 2026 as part of its GEL 59.0m buyback (an extension of prior GEL 98.0m, GEL 51.5m, GEL 53.5m and GEL 55.0m programmes); post-cancellation 6,000 treasury shares remain and total voting rights are 42,961,407. The 51,089 cancellation reduced shares outstanding by about 0.12% (51,089 of ~43.01m) and brings cumulative cancellations since August 2025 to 896,169 shares (≈2.08% of the pre-cancellation share count), a reduction that should be earnings-per-share accretive and marginally supportive of the share price.

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