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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an announcement.
Lion Finance Group PLC has approved a GEL 53.5 million extension to its share buyback and cancellation programme, aligning with its capital return policy targeting a 30-50% dividend and buyback payout ratio. The buyback, managed by Cavendish Capital Markets Limited, will be conducted in the open market under UK regulatory frameworks, with up to 3,840,951 shares to be repurchased and cancelled by the 2026 Annual General Meeting, supporting capital reduction and potentially enhancing shareholder value.
The programme is structured with pre-set parameters and will run on an automated basis during closed periods, when neither the company nor its directors can alter its course. Monthly cancellation of repurchased treasury shares will gradually reduce the group’s share capital, signalling confidence in its financial strength and underlining its ongoing commitment to disciplined capital returns for investors.
The most recent analyst rating on (GB:BGEO) stock is a Buy with a £10700.00 price target. To see the full list of analyst forecasts on Bank of Georgia Group Plc stock, see the GB:BGEO Stock Forecast page.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company whose main subsidiaries provide banking and financial services in the high-growth Georgian and Armenian markets. Through its universal, customer-centric banks, Bank of Georgia and Ameriabank, the group focuses on driving business growth, sustaining high profitability, and delivering strong returns while contributing to local communities.
Average Trading Volume: 92,678
Technical Sentiment Signal: Buy
Current Market Cap: £4.47B
For detailed information about BGEO stock, go to TipRanks’ Stock Analysis page.