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The latest update is out from Bank of Georgia Group Plc ( (GB:BGEO) ).
Lion Finance Group PLC has announced the repurchase of 5,000 ordinary shares as part of its ongoing share buyback and cancellation programme. This move is aimed at optimizing the company’s capital structure and enhancing shareholder value. The repurchased shares will be held in treasury until their cancellation, reducing the total number of shares with voting rights to 43,686,463. This strategic action reflects the company’s commitment to sustaining high profitability and creating opportunities for stakeholders.
The most recent analyst rating on (GB:BGEO) stock is a Buy with a £9400.00 price target. To see the full list of analyst forecasts on Bank of Georgia Group Plc stock, see the GB:BGEO Stock Forecast page.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company with subsidiaries providing banking and financial services in the high-growth markets of Georgia and Armenia. The company operates through leading universal banks, Bank of Georgia and Ameriabank, focusing on customer-centric services to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities they serve.
Average Trading Volume: 65,647
Technical Sentiment Signal: Buy
Current Market Cap: £3.28B
For an in-depth examination of BGEO stock, go to TipRanks’ Overview page.