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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Bank of Georgia Group PLC has announced a transaction in its own shares as part of its ongoing share buyback and cancellation programme, initially announced in August 2024. On January 6, 2025, Cavendish Capital Markets Limited purchased 5,000 ordinary shares on the London Stock Exchange at an average price of 4698 pence per share. These repurchased shares will be held in treasury pending cancellation, which will reduce the total number of voting shares to 44,373,147. This move is part of the company’s strategic efforts to optimize shareholder value, indicating a solid commitment to maintaining financial health and market competitiveness.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company with subsidiaries offering banking and financial services primarily in the high-growth markets of Georgia and Armenia through its leading universal banks, Bank of Georgia and Ameriabank. The company focuses on driving business growth, maintaining high profitability, and delivering strong returns while contributing positively to the communities it serves.
YTD Price Performance: -1.27%
Average Trading Volume: 96,704
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.06B
For a thorough assessment of BGEO stock, go to TipRanks’ Stock Analysis page.
