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The latest announcement is out from Bank of Georgia Group Plc ( (GB:BGEO) ).
Bank of Georgia Group PLC announced a share buyback transaction involving the repurchase of 5,000 ordinary shares on the London Stock Exchange, as part of its ongoing buyback and cancellation program initiated in August 2024. This strategic move is expected to optimize the company’s capital structure and potentially enhance shareholder value, with the repurchased shares to be held in Treasury until cancellation.
More about Bank of Georgia Group Plc
Bank of Georgia Group PLC is a FTSE 250 holding company that provides banking and financial services through its subsidiaries, focusing on the high-growth markets of Georgia and Armenia. The group operates leading universal banks, Bank of Georgia in Georgia and Ameriabank in Armenia, aiming to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities they serve.
Average Trading Volume: 95,424
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.09B
See more insights into BGEO stock on TipRanks’ Stock Analysis page.
