Bank of Georgia Group Plc (GB:BGEO) has released an update.
Bank of Georgia Group PLC has reported the purchase of 5,000 of its own shares at an average price of 3947.3280p per share through Cavendish Capital Markets Limited on the London Stock Exchange. This move, part of a share buyback and cancellation program announced earlier, will lead to the cancellation of these shares and thus reduce the total number of ordinary shares with voting rights. The company aims to enhance shareholder value and will continue to update on further buyback transactions.
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