Bank of Georgia Group Plc ( (GB:BGEO) ) has issued an announcement.
Lion Finance Group PLC announced a transaction involving the repurchase of 7,572 ordinary shares as part of its share buyback and cancellation programme. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value. The repurchased shares will be held in Treasury until they are cancelled, which will adjust the total number of ordinary shares with voting rights to 44,343,978. This action reflects the company’s ongoing efforts to optimize its financial operations and maintain a strong market position.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company whose subsidiaries provide banking and financial services focused 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 is committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for stakeholders and contributing positively to the communities where they operate.
YTD Price Performance: 15.07%
Average Trading Volume: 92,925
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.4B
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