Director/PDMR Shareholding
Notification of Transactions of Directors/ Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
Following its announcement on 26 June 2019, TBC Bank Group PLC ("TBC") confirms that it has been informed that the Chairman and Deputy Chairman have, through GRDC Management Company 06 Limited - an SPV controlled by them, entered into a repurchase transaction with Renaissance Securities (Cyprus) Limited in respect of 993,050 TBC ordinary shares, representing approximately 1.81% of the total share capital of TBC. Pursuant to the terms of the repurchase transaction, GRDC Management Company 06 Limited (having previously received the relevant shares from the Chairman and Deputy Chairman under a securities lending transaction) will sell the relevant shares to Renaissance Securities (Cyprus) Limited simultaneously and agreeing to repurchase such shares on 28 June 2021, as a form of borrowing secured on their shares of TBC Bank Group Plc. Following settlement of the repurchase transaction, which is subject to conditions precedent to closing, the Chairman and Deputy Chairman will continue to hold 6,526,130 and 3,494,634 shares, respectively, representing 11.89% and 6.37% of the share capital of TBC. The repurchase transaction will not impact their position as Chairman and Deputy Chairman of TBC Bank Group Plc. For further information see the relevant PDMR dealing notifications below and the major shareholder notification released separately today.
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For further enquiries, please contact: Director of International Media and Investor Relations Zoltan Szalai
Or
Head of Investor Relations Anna Romelashvili
About TBC Bank Group PLC ("TBC PLC") TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.
TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.4% of loans and 40.4% of non-banking deposits as at 31 March 2019, according to data published by the National Bank of Georgia.
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