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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Bank of Georgia Group PLC announced the cancellation of 95,000 treasury shares as part of its GEL 73.4 million share buyback and cancellation program. Since the program’s launch in August 2024, a total of 423,836 shares have been canceled, reducing the number of treasury shares to 15,000 and adjusting the total voting rights in issue to 44,388,147. This move is likely intended to optimize the company’s capital structure and enhance shareholder value, reflecting a strategic focus on maximizing returns and maintaining robust financial health.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company that provides banking and financial services in the high-growth markets of Georgia and Armenia through its subsidiaries, Bank of Georgia and Ameriabank. The company focuses on customer-centric universal banking, aiming to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities it serves.
Average Trading Volume: 95,424
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.09B
For an in-depth examination of BGEO stock, go to TipRanks’ Stock Analysis page.
