Lion Finance Group PLC Announces Share Repurchase as Part of Buyback Programme

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

Lion Finance Group PLC has announced a transaction involving the repurchase of 4,290 ordinary shares as part of its ongoing share buyback and cancellation programme. This initiative, executed by Cavendish Capital Markets Limited on the London Stock Exchange, aims to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing the value of remaining shares. The repurchased shares will be held in treasury until they are cancelled, impacting the total number of ordinary shares with voting rights and potentially affecting shareholder calculations under FCA’s rules.

The most recent analyst rating on (GB:BGEO) stock is a Buy with a £45.50 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 that operates primarily in the high-growth markets of Georgia and Armenia. It provides banking and financial services through its main subsidiaries, Bank of Georgia and Ameriabank, which are customer-centric universal banks. The company is focused on driving business growth, maintaining high profitability, and generating strong returns while contributing positively to the communities it serves.

Average Trading Volume: 70,226

Technical Sentiment Signal: Buy

Current Market Cap: £2.96B

See more insights into BGEO stock on TipRanks’ Stock Analysis page.