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Bank of Georgia Group Plc ( (GB:BGEO) ) has provided an update.
Bank of Georgia Group PLC announced the completion of its GEL 73.4 million share buyback and cancellation program, which resulted in the purchase and cancellation of 475,433 ordinary shares, with the final 51,597 treasury shares cancelled on January 20, 2025. This initiative reduces the total number of voting rights to 44,351,550, potentially impacting shareholder calculations and enhancing shareholder value through a more streamlined capital structure.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company providing banking and financial services through its subsidiaries Bank of Georgia in Georgia and Ameriabank in Armenia. The company focuses on high-growth markets in Georgia and Armenia, aiming to drive business growth, sustain high profitability, and deliver strong returns, while contributing positively to local communities.
YTD Price Performance: -3.29%
Average Trading Volume: 99,668
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.02B
See more insights into BGEO stock on TipRanks’ Stock Analysis page.
