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Bank of Georgia Group Plc ( (GB:BGEO) ) just unveiled an announcement.
Lion Finance Group PLC has announced a transaction involving the repurchase of 5,000 ordinary shares on the London Stock Exchange as part of its ongoing share buyback and cancellation program. This move, facilitated by Cavendish Capital Markets Limited, reflects the company’s strategic efforts to manage its share capital and potentially enhance shareholder value. The repurchased shares will be held in treasury until their cancellation, which will reduce the total number of shares with voting rights, impacting shareholder calculations under FCA regulations.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company with primary operations in the banking and financial services sector, focusing on the high-growth markets of Georgia and Armenia. Through its subsidiaries, Bank of Georgia and Ameriabank, the company aims to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities it serves.
Average Trading Volume: 77,411
Technical Sentiment Signal: Buy
Current Market Cap: £3.06B
For an in-depth examination of BGEO stock, go to TipRanks’ Overview page.