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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Lion Finance Group PLC announced the repurchase of 5,000 ordinary shares as part of its share buyback and cancellation program. The shares were purchased on the London Stock Exchange by Cavendish Capital Markets Limited at an average price of 7275.2585 pence per share. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares will be held in Treasury until they are canceled, which will reduce the total number of shares with voting rights to 43,811,249. This action is expected to impact the company’s market positioning and shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company that operates in the banking and financial services industry, primarily focusing on the high-growth markets of Georgia and Armenia. Through its main subsidiaries, Bank of Georgia and Ameriabank, the company offers customer-centric, universal banking services. Lion Finance Group aims to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities it serves.
Average Trading Volume: 64,149
Technical Sentiment Signal: Buy
Current Market Cap: £3.21B
For an in-depth examination of BGEO stock, go to TipRanks’ Overview page.