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Bank of Georgia Group Plc ( (GB:BGEO) ) has provided an update.
Bank of Georgia Group PLC announced a share buyback transaction where 2,500 ordinary shares were repurchased at a volume-weighted average price of 4683 pence per share, as part of its ongoing buyback programme. This transaction aims to enhance shareholder value and manage the company’s capital structure, with the repurchased shares held in treasury pending cancellation, which will adjust the total number of shares with voting rights and potentially affect shareholder notifications under FCA rules.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company that, through its subsidiaries, provides banking and financial services in the high-growth markets of Georgia and Armenia. The company operates leading customer-centric universal banks, Bank of Georgia in Georgia and Ameriabank in Armenia, focusing on business growth, profitability, and creating value for stakeholders while contributing positively to the communities it serves.
YTD Price Performance: 25.46%
Average Trading Volume: 96,705
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.09B
Learn more about BGEO stock on TipRanks’ Stock Analysis page.
