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Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an announcement.
Lion Finance Group PLC announced the repurchase of 3,000 ordinary shares as part of its ongoing share buyback and cancellation program. This move, executed by Cavendish Capital Markets Limited, 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 cancelled, reducing the total number of shares with voting rights to 43,507,333. This action reflects the company’s commitment to optimizing its financial operations and may influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 that operates through its main subsidiaries, Bank of Georgia and Ameriabank, providing banking and financial services in the high-growth markets of Georgia and Armenia. The company focuses on customer-centric, universal banking services and aims to drive business growth, maintain high profitability, and generate strong returns while contributing positively to the communities it serves.
Average Trading Volume: 62,380
Technical Sentiment Signal: Buy
Current Market Cap: £3.79B
Learn more about BGEO stock on TipRanks’ Stock Analysis page.