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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 is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value. The repurchased shares will be held in treasury until they are cancelled, which will adjust the total number of shares with voting rights. This action reflects the company’s commitment to optimizing its financial operations and maintaining a strong market position.
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 primarily in the banking and financial services sector, focusing on the high-growth markets of Georgia and Armenia. Through its main subsidiaries, Bank of Georgia and Ameriabank, the company aims to drive business growth, sustain high profitability, and generate strong returns while contributing positively to the communities it serves.
Average Trading Volume: 63,427
Technical Sentiment Signal: Buy
Current Market Cap: £4.01B
For an in-depth examination of BGEO stock, go to TipRanks’ Overview page.