Bank of Georgia Group PLC Continues Share Buyback Program

Bank of Georgia Group Plc ( (GB:BGEO) ) has provided an announcement.

Bank of Georgia Group PLC has announced the repurchase of 1,597 ordinary shares as part of its ongoing share buyback and cancellation program. The shares were purchased on the London Stock Exchange at an average price of 4442.0000 pence per share. This move is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares outstanding. The cancellation of these shares will adjust the total number of ordinary shares with voting rights, impacting shareholder calculations under the FCA’s rules.

More about Bank of Georgia Group Plc

Bank of Georgia Group PLC is a FTSE 250 holding company providing banking and financial services in the high-growth markets of Georgia and Armenia. It operates through leading banks such as Bank of Georgia and Ameriabank, focusing on customer-centric services to drive business growth, sustain high profitability, and generate strong returns, while contributing positively to the communities it serves.

YTD Price Performance: -4.46%

Average Trading Volume: 97,885

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £2B

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