Bank of Georgia Group Plc ( (GB:BGEO) ) has issued an announcement.
Bank of Georgia Group PLC announced a transaction involving the repurchase of 5,000 of its own shares on the London Stock Exchange as part of its ongoing share buyback and cancellation program initiated in August 2024. This move is intended to reduce the total number of ordinary shares with voting rights, potentially affecting shareholder calculations regarding disclosure under FCA’s rules, and will enhance the company’s capital allocation strategy, indicating a strong financial position and commitment to shareholder value.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company providing banking and financial services in the Georgian and Armenian markets through leading universal banks, Bank of Georgia and Ameriabank. The company focuses on high-growth markets by leveraging competitive strengths to drive business growth, sustain high profitability, and generate strong returns, while contributing positively to the communities they serve.
YTD Price Performance: 22.13%
Average Trading Volume: 93,680
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.03B
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