Bank of Georgia Group Plc (GB:BGEO) has released an update.
Bank of Georgia Group PLC has reported the purchase of 12,500 of its own shares under its ongoing share buyback and cancellation program, with the transaction executed by Numis Securities Limited. The shares were bought at an average price of 4182.4472p each, with plans for the repurchased shares to be canceled, subsequently reducing the total number of voting shares. This move is part of the company’s strategy to enhance shareholder value and will be followed by further announcements as the buyback program progresses.
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