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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Lion Finance Group PLC announced a transaction involving the repurchase of 3,000 ordinary shares as part of its ongoing share buyback and cancellation program. This move, executed through Cavendish Capital Markets Limited, aims to optimize the company’s capital structure and enhance shareholder value. The repurchased shares will be held in Treasury until their cancellation, affecting the total number of shares with voting rights. This strategic action reflects the company’s commitment to maintaining financial stability and delivering value to its stakeholders.
The most recent analyst rating on (GB:BGEO) stock is a Buy with a £92.00 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 with primary subsidiaries providing banking and financial services in the high-growth markets of Georgia and Armenia. The company operates through leading, customer-centric, universal banks, namely Bank of Georgia and Ameriabank, focusing on business growth, high profitability, and strong returns while contributing positively to the communities they serve.
Average Trading Volume: 61,086
Technical Sentiment Signal: Buy
Current Market Cap: £3.9B
For detailed information about BGEO stock, go to TipRanks’ Stock Analysis page.