An announcement from Bank of Georgia Group Plc ( (GB:BGEO) ) is now available.
Lion Finance Group PLC announced a transaction involving the repurchase of 5,000 ordinary shares as part of its ongoing share buyback and cancellation program. The shares were purchased on the London Stock Exchange by Cavendish Capital Markets Limited, with prices ranging from 5470p to 5585p per share. The repurchased shares will be held in Treasury until they are canceled, reducing the total number of ordinary shares with voting rights to 44,160,040. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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. Lion Finance Group is committed to business growth, high profitability, and generating strong returns while contributing positively to the communities it serves.
YTD Price Performance: 15.92%
Average Trading Volume: 73,764
Technical Sentiment Signal: Sell
Current Market Cap: £2.46B
See more data about BGEO stock on TipRanks’ Stock Analysis page.