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Lion Finance Group PLC Announces Share Purchase for Executive Trust

Story Highlights
  • Lion Finance Group PLC’s subsidiaries provide banking services in Georgia and Armenia.
  • The company purchased shares for its Executive Benefit Trust to align management interests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lion Finance Group PLC Announces Share Purchase for Executive Trust

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Bank of Georgia Group Plc ( (GB:BGEO) ) has provided an announcement.

Lion Finance Group PLC announced that Apex Group Fiduciary Services Limited, acting as trustee, purchased 3,500 ordinary shares for the Rubicon Executive Equity Compensation Trust on the London Stock Exchange. This transaction is part of the Group’s strategy to satisfy awards for its executive directors and managerial staff, reflecting a commitment to align management interests with shareholder value. Following this purchase, the Trust holds 517,523 shares, representing 1.17% of the Group’s issued share capital, while combined with the BOG Group Employee Trust, they hold 1.82% of the share capital.

More about Bank of Georgia Group Plc

Lion Finance Group PLC is a FTSE 250 holding company with subsidiaries providing banking and financial services in the high-growth markets of Georgia and Armenia through Bank of Georgia and Ameriabank. The company focuses on customer-centric banking solutions, aiming to drive business growth, maintain high profitability, and generate strong returns while positively impacting the communities it serves.

YTD Price Performance: 18.05%

Average Trading Volume: 73,922

Technical Sentiment Signal: Sell

Current Market Cap: £2.46B

Learn more about BGEO stock on TipRanks’ Stock Analysis page.

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