Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Lion Finance Group PLC has 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. This move is expected to impact the company’s share structure, reducing the total number of ordinary shares with voting rights to 44,185,040. The repurchase aims to enhance shareholder value and reflects the company’s commitment to optimizing its capital structure.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company that operates through its subsidiaries, providing banking and financial services in the high-growth markets of Georgia and Armenia. The company operates leading customer-centric universal banks, namely Bank of Georgia in Georgia and Ameriabank in Armenia, focusing on business growth, high profitability, and strong returns while contributing positively to the communities they serve.
YTD Price Performance: 21.23%
Average Trading Volume: 72,749
Technical Sentiment Signal: Sell
Current Market Cap: £2.52B
Learn more about BGEO stock on TipRanks’ Stock Analysis page.