Lion Finance Group PLC Executes Share Buyback

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

Lion Finance Group PLC has announced a transaction involving the repurchase of 5,000 ordinary shares as part of its ongoing share buyback and cancellation program. This move is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health. The repurchased shares will be held in Treasury until their cancellation, which will reduce the total number of voting shares to 44,200,040, impacting shareholder calculations under regulatory guidelines.

More about Bank of Georgia Group Plc

Lion Finance Group PLC is a FTSE 250 holding company with subsidiaries providing banking and financial services in the high-growth markets of Georgia and Armenia. Through its leading universal banks, Bank of Georgia and Ameriabank, the company focuses on customer-centric services, aiming to drive business growth, sustain high profitability, and generate strong returns while contributing positively to the communities it operates in.

YTD Price Performance: 21.66%

Average Trading Volume: 70,314

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.55B

Learn more about BGEO stock on TipRanks’ Stock Analysis page.