REG - Bank of Georgia Grp - Change of name to Lion Finance Group PLC

Lion FinanceAnnouncement

06/02/2025 14:00

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RNS Number : 2258W  Bank of Georgia Group PLC  06 February 2025

 

London, 6 February 2025

 

Change of name to Lion Finance Group PLC

 

Bank of Georgia Group PLC announces that it has changed its name to Lion
Finance Group PLC (the "Company" or the "Group"). In February 2024, when
announcing the acquisition of Ameriabank, the largest bank in the high-growth
Armenian market, we also noted our intention to change the name of the holding
company, to reflect our focus on multiple geographies. Our lion logo, inspired
by an ancient Georgian artefact, has symbolised strength and heritage since
the Group's inception. The new name upholds this continuity, while marking new
beginnings.

Lion Finance Group PLC is a FTSE 250 holding company whose core subsidiaries
are JSC Bank of Georgia in Georgia and Ameriabank CJSC in Armenia - leading
universal banks and top-of-mind banking brands in their respective
geographies. Both Bank of Georgia and Ameriabank will continue to operate as
separate banks, maintaining their local identities and brands and catering to
the needs of local communities.

Mel Carvill, Lion Finance Group PLC's Chairman of the Board, commented: "The
change of name reflects a new chapter in the Group's development, as the
acquisition of Ameriabank last year enabled us to enter the dynamic, growing,
and prudently managed Armenian economy. Ameriabank has enhanced the earnings
of the Group as it has continued to deliver strong performance, with a robust,
c.30% year-on-year loan growth, and many growth opportunities ahead. We remain
focused on creating value for our stakeholders across our core markets."

Archil Gachechiladze, Lion Finance Group PLC's CEO, commented: "Our journey
began in Georgia and the remarkable success we have achieved at Bank of
Georgia has enabled us to embrace new growth opportunities. The expansion into
Armenia last year was a historic milestone for the Group as we diversified our
business and executed a highly earnings-enhancing transaction with significant
upside potential. The change in our holding company name reflects our broader
presence. However, Bank of Georgia and Ameriabank remain as they are, with
their unique names and identities unchanged, empowering customers and driving
positive impact in their communities."

Shareholders should note that their shareholdings will be unaffected by the
change of name. Existing share certificates should be retained as they will
remain valid for all purposes.

The Company's ticker on London Stock Exchange, BGEO, remains unchanged, as do
the Company's ISIN (GB00BF4HYT85) and SEDOL (BF4HYT8). The registration of the
name by Companies House has taken place today and the London Stock Exchange
will be updated to reflect the change of name in due course.

The Company's website will shortly be changed from www.bankofgeorgiagroup.com
(https://bankofgeorgiagroup.com/) to www.lionfinancegroup.uk
(https://lionfinancegroup.uk/)

 

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

About Lion Finance Group PLC

Lion Finance Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose
subsidiaries provide banking and financial services focused in the high-growth
Georgian and Armenian markets through leading, customer-centric, universal
banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on
our competitive strengths, we are committed to driving business growth,
sustaining high profitability, and generating strong returns, while creating
opportunities for our stakeholders and making a positive contribution in the
communities where we operate.

Legal Entity Identifier: 213800XKDG12NQG8VC53

For further information, please visit www.lionfinancegroup.uk
(https://lionfinancegroup.uk/) contact:

 

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

 

 

This news 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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