London, 14 June 2021
Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trust
Bank of Georgia Group PLC (the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the BOG Group Employee Trust (the Trust), that Sanne, through a broker-managed buyback programme, purchased in the market 34,992 Bank of Georgia Group PLC ordinary shares with a nominal value of £0.01 each (Shares) at an average price of £12.81 (rounded to two decimal points) per Share, traded on 11 June 2021 with a settlement date of 11 June 2021.
The Trust holds the Shares for the purpose of satisfying awards to be awarded to beneficiaries of the Trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under the Trust and are therefore treated as having an interest in such Shares.
Upon settlement of the above transaction, the Trust will hold a total of of 459,311 Shares, representing approximately 0.93% of the Group's issued ordinary share capital.
Of the 459,311 Shares held by the Trust, 379,914 Shares are allocated to existing awards.
Name of authorised official of issuer responsible for making notification:
Link Company Matters Limited, Company Secretary
About Bank of Georgia Group PLC
Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking, wealth management and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book in the medium-term.
JSC Bank of Georgia has, as of the date hereof, the following credit ratings:
For further information, please visit www.bankofgeorgiagroup.com or contact:
Adviser to the CEO
Head of Investor Relations
+995 322 444 144
+44 203 178 4034
+995 322 444 108
+995 322 444 444 (9282)
This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities