REG - Bank of Georgia Grp - Closing of Acquisition of Ameriabank

Bank of GeorgiaAnnouncement

03/04/2024 16:00

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RNS Number : 2109J  Bank of Georgia Group PLC  03 April 2024

 

 

 

London, 3 April 2024

Completion of Acquisition of Ameriabank

 

Bank of Georgia Group PLC (the "Company") announces that, having received all
necessary shareholder and regulatory approvals as of 29 March 2024, the
acquisition of Ameriabank CJSC ("Ameriabank") has now been completed. The
Company will consolidate Ameriabank in the accounts of the Company as of end
of March 2024.

Note that, as disclosed in the class 1 circular published by the Company on 19
February 2024, European Bank for Reconstruction and Development have retained
11,713 shares in Ameriabank, equal to 10% of Ameriabank's total issued share
capital, with such shares being the subject of a put and call option, a
summary of the terms of which is set out in Part III (Principal Terms and
Conditions of the Acquisition Agreement and the Shareholders' (Put and Call
Option) Agreement) of the class 1 circular.

 

 

 

 

Name of authorised official of issuer responsible for making notification:
Nini Arshakuni, Head of Investor Relations

 

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (the 'Company' - LSE: BGEO LN) is a FTSE-250
company. Its core entity is JSC Bank of Georgia ('Bank of Georgia', 'BOG', or
the 'Bank'), a digital banking leader in Georgia that provides a suite of
banking and financial services to retail clients and businesses. By building
on its competitive strengths, the Group is committed to delivering strong
profitability sustainably and maximising shareholder value.

Legal Entity Identifier: 213800XKDG12NQG8VC53

 

For further information, please visit www.bankofgeorgiagroup.com
(http://www.bankofgeorgiagroup.com) or contact:

 

 Michael Oliver                              Nini Arshakuni
 Adviser to the CEO                          Head of Investor Relations
 +44 203 178 4034                            +995 322 444 444 (7515)
 moliver@bgeo.com (mailto:moliver@bgeo.com)  ir@bog.ge

 

This report is presented for general informational purposes only and should
not be construed as an offer to sell or the solicitation of an offer to buy
any securities.

 

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