Bank of Georgia Group Plc (GB:BGEO) has released an update.
Bank of Georgia Group PLC has announced a significant share purchase for its Employee Benefit Trust, acquiring 22,874 shares at an average price of £43.27 each, now holding 0.99% of the Group’s issued share capital. This acquisition is aimed at fulfilling future awards to beneficiaries, which include executive directors and managerial staff. Overall, the trust holds about 3.21% of the bank’s issued ordinary share capital post-transaction.
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