Lion Finance Group PLC Executes Share Buyback to Optimize Capital Structure

Bank of Georgia Group Plc ( (GB:BGEO) ) just unveiled an update.

Lion Finance Group PLC announced a transaction involving the repurchase of 10,000 ordinary shares as part of its ongoing share buyback and cancellation program. This strategic move, executed by Cavendish Capital Markets Limited, is aimed at reducing the number of shares with voting rights to 44,284,533, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. The buyback program reflects the company’s commitment to enhancing shareholder value and optimizing its capital structure.

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. The company operates through leading universal banks, Bank of Georgia and Ameriabank, focusing on customer-centric services to drive business growth, sustain high profitability, and generate strong returns while contributing positively to the communities they serve.

YTD Price Performance: 8.92%

Average Trading Volume: 80,422

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £2.27B

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