Bank of Georgia Group Plc (GB:BGEO) has released an update.
Bank of Georgia Group PLC successfully executed a share buyback transaction on July 2, 2024, purchasing 12,500 of its own shares at an average price of 4127.3436p each through Numis Securities Limited. This action is part of a share buyback and cancellation program announced earlier in March, aimed at reducing the share capital and potentially increasing the value of remaining shares. The company plans to cancel the repurchased shares, which will affect the total number of shares with voting rights, and further announcements are expected as the program progresses.
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