Bank of Georgia Group Plc (GB:BGEO) has released an update.
Bank of Georgia Group PLC has announced the purchase of 5,000 of its own shares as part of its share buyback and cancellation program, at an average market price of 4088.5790p per share. The repurchased shares will be held in Treasury until their cancellation, which will subsequently adjust the total number of shares with voting rights. This move is part of the company’s ongoing efforts to enhance shareholder value and is in line with the buyback program announced on 22 August 2024.
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