Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Lion Finance Group PLC has announced the cancellation of 99,332 treasury shares as part of its ongoing share buyback and cancellation programme. This move is part of a larger effort initiated in August 2024, aimed at enhancing shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The total number of shares cancelled since the programme’s inception is 736,275, reflecting the company’s strategic focus on optimizing its capital structure and reinforcing its market position.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company with subsidiaries that provide 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, sustain high profitability, and generate strong returns, while contributing positively to the communities they serve.
YTD Price Performance: 23.46%
Average Trading Volume: 69,458
Technical Sentiment Signal: Sell
Current Market Cap: £2.56B
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