Dividend Currency Con.Rate & Scrip Ref.Share Price
Dividend Currency Conversion Rate and Scrip Reference Share Price
TBC Bank Group PLC ("TBC PLC") today announces that the Georgian Lari to Pound Sterling exchange rate that will apply to the final dividend payments will be 3.1778, being the average exchange rate of the National Bank of Georgia for the period of 15 May to and including of 19 May 2023 (5 days average).
TBC PLC today announces that the scrip reference share price that will be used in calculating the entitlement of those who have elected to participate in TBC PLC's scrip dividend scheme (the "Scrip Dividend Scheme") is 23.72 GBP (the "Scrip Reference Share Price"). The Scrip Reference Share Price is based on the average of the closing middle market quotations for the Company's ordinary shares, as derived from the London Stock Exchange Daily Official List, for the five business days commencing on the ex-dividend date of 11 May 2023.
Shareholders who hold their shares in CREST and who wish to elect to participate in the Scrip Dividend Scheme should, if they have not already done so, complete a Dividend Election Input Message via CREST no later than 4:30 p.m. (UK time) on 23 May 2023. Full terms and conditions of the Scrip Dividend Scheme are available on TBC PLC's website, www.tbcbankgroup.com.
For further enquiries, please contact:
Director of Investor Relations and International Media
Head of Investor Relations
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.1% of customer loans and 39.3% of customer deposits as of 31 March 2023, according to data published by the National Bank of Georgia.