Bank of Georgia Group Plc ( (GB:BGEO) ) has issued an update.
Lion Finance Group PLC has announced the repurchase of 5,122 of its own shares on the London Stock Exchange as part of its ongoing share buyback and cancellation program. This initiative, managed by Cavendish Capital Markets Limited, aims to reduce the number of shares with voting rights to 44,115,708, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. The buyback program is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company that operates primarily in the high-growth markets of Georgia and Armenia. Through its main subsidiaries, Bank of Georgia and Ameriabank, the company provides banking and financial services with a focus on customer-centric, universal banking. Lion Finance Group is committed to driving business growth, maintaining high profitability, and generating strong returns while contributing positively to the communities in which it operates.
YTD Price Performance: 11.04%
Average Trading Volume: 73,769
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.16B
See more data about BGEO stock on TipRanks’ Stock Analysis page.