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Bank of Georgia Group Plc ( (GB:BGEO) ) just unveiled an update.
Bank of Georgia Group PLC announced a share buyback transaction where Cavendish Capital Markets Limited purchased 5,000 ordinary shares on behalf of the company as part of its ongoing buyback and cancellation programme. This transaction, with an average purchase price of 4569 pence per share, aims to reduce the number of ordinary shares with voting rights to 44,358,147, potentially impacting shareholder calculations and interest notifications under the FCA’s rules. The company plans to make further announcements upon the completion of additional purchases under this programme.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company that provides banking and financial services through its subsidiaries, focusing on the high-growth markets of Georgia and Armenia. The company operates leading customer-centric, universal banks, namely Bank of Georgia in Georgia and Ameriabank in Armenia, with a commitment to driving business growth, maintaining high profitability, and generating strong returns while contributing positively to the communities they serve.
YTD Price Performance: -2.02%
Average Trading Volume: 97,564
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.05B
See more insights into BGEO stock on TipRanks’ Stock Analysis page.
