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An update from Bank of Georgia Group Plc ( (GB:BGEO) ) is now available.
Bank of Georgia Group PLC announced the repurchase of 5,000 ordinary shares as part of its share buyback and cancellation programme. The shares were bought on the London Stock Exchange at an average price of 4622.9155 pence. This action is part of a strategic initiative to optimize the company’s capital structure and could potentially enhance shareholder value by reducing the total number of shares with voting rights to 44,403,147 after cancellation. The company plans to make further announcements as additional purchases are completed under the buyback programme.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company that operates through its subsidiaries to provide banking and financial services in the high-growth markets of Georgia and Armenia. Through Bank of Georgia in Georgia and Ameriabank in Armenia, the company focuses on delivering customer-centric, universal banking solutions. The company is committed to driving business growth, maintaining high profitability, and generating strong returns while contributing positively to the communities it serves.
YTD Price Performance: 24.93%
Average Trading Volume: 95,728
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.08B
For an in-depth examination of BGEO stock, go to TipRanks’ Stock Analysis page.
