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Bank of Georgia Group Plc ( (GB:BGEO) ) has provided an update.
Lion Finance Group PLC announced a transaction involving the repurchase of 10,000 ordinary shares as part of its share buyback and cancellation program. The shares were purchased on the London Stock Exchange through Cavendish Capital Markets Limited at an average price of 7430.2028 pence per share. This move is part of the company’s strategy to manage its share capital and enhance shareholder value. The repurchased shares will be held in treasury until they are canceled, affecting the total number of shares with voting rights, which will be used by shareholders to determine their interests under the FCA’s rules.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company that operates through its main subsidiaries, providing banking and financial services in the high-growth markets of Georgia and Armenia. The company focuses on customer-centric, universal banking through Bank of Georgia and Ameriabank, aiming to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities it serves.
Average Trading Volume: 64,668
Technical Sentiment Signal: Buy
Current Market Cap: £3.33B
For a thorough assessment of BGEO stock, go to TipRanks’ Stock Analysis page.