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Bank of Georgia Group Plc ( (GB:BGEO) ) has issued an update.
Lion Finance Group PLC has announced that Apex Group Fiduciary Services Limited, acting as trustee, has purchased 11,000 shares of the Group’s ordinary shares on the London Stock Exchange for the Rubicon Executive Equity Compensation Trust. This acquisition is part of the Group’s strategy to satisfy awards for beneficiaries, including executive directors and managerial personnel. Following this transaction, the Rubicon Executive Equity Compensation Trust and BOG Group Employee Trust collectively hold 888,651 shares, representing approximately 2.03% of the Group’s issued ordinary share capital. This move is indicative of the Group’s commitment to aligning executive interests with shareholder value, potentially impacting stakeholder confidence and market perception.
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.
Average Trading Volume: 70,271
Technical Sentiment Signal: Buy
Current Market Cap: £3.4B
See more data about BGEO stock on TipRanks’ Stock Analysis page.