Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Lion Finance Group PLC announced a transaction involving the repurchase of 5,000 ordinary shares on the London Stock Exchange as part of its ongoing share buyback and cancellation programme. The repurchased shares will be held in treasury until they are canceled, which will reduce the total number of ordinary shares with voting rights to 44,190,040. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company whose subsidiaries provide banking and financial services in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia. The company focuses on driving business growth, sustaining high profitability, and generating strong returns while contributing positively to the communities where it operates.
YTD Price Performance: 19.96%
Average Trading Volume: 72,796
Technical Sentiment Signal: Sell
Current Market Cap: £2.51B
See more data about BGEO stock on TipRanks’ Stock Analysis page.