Bank of Georgia Initiates Multi-Million Buyback Plan

Bank of Georgia Group Plc (GB:BGEO) has released an update.

Bank of Georgia Group PLC has announced a GEL 73.4 million share buyback program aimed at reducing the company’s share capital through open market purchases, to be completed by May 2025. The buyback aligns with their capital distribution policy, targeting a payout ratio of 30-50% of annual profits, and will proceed under strict regulatory guidelines with Cavendish Capital Markets Limited overseeing the process.

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