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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an announcement.
Lion Finance Group PLC has announced a transaction involving the repurchase of 7,500 ordinary shares as part of its ongoing share buyback and cancellation programme. This move, executed by Cavendish Capital Markets Limited on the London Stock Exchange, aims to reduce the number of shares with voting rights, potentially increasing shareholder value and impacting the company’s market positioning. The repurchased shares will be held in Treasury until their cancellation, with further announcements expected upon additional purchases.
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 universal banks, Bank of Georgia and Ameriabank, focusing on customer-centric services to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities they serve.
YTD Price Performance: 17.52%
Average Trading Volume: 71,486
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.42B
For a thorough assessment of BGEO stock, go to TipRanks’ Stock Analysis page.