REG - TBC Bank Group PLC - Annual Report 2022 and Final Dividend Announcement

TBC BankAnnouncement

18/04/2023 07:00

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RNS Number : 4192W  TBC Bank Group PLC  18 April 2023

 Annual Report 2022 and Final Dividend Announcement

 TBC Bank Group PLC ("TBC PLC") announces that its Annual Report and Accounts
 for the financial year ended on 31 December 2022 (the "Annual Report 2022")
 has been published today and is available to view on TBC PLC's website
 at www.tbcbankgroup.com (http://www.tbcbankgroup.com/) .

 A copy of the Annual Report 2022 has been submitted to the National Storage
 Mechanism and will shortly be available for inspection
 at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
 (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) . In compliance with
 its obligations under section 6.3.5(1) of the Disclosure Guidance and
 Transparency Rules, TBC PLC hereby releases the unedited full text of its
 Annual Report 2022.

 In addition, the Board of Directors of TBC PLC, subject to shareholders'
 approval, is recommending a final dividend of GEL 2.95 per TBC PLC share (the
 "Final Dividend"). If approved, the Final Dividend will be paid on 14 June
 2023 to shareholders who are on the register of members at 6:00 pm (BST) on
 the record date of 12 May 2023. The ex-dividend date for the Final Dividend
 will be 11 May 2023. The Georgian Lari to Pound Sterling exchange rate that
 will apply to the final dividend payments on the conversion date of 19 May
 2023 will be the average exchange rate of the National Bank of Georgia for
 the period of 15 May 2023 to and including of 19 May 2023 (5 days average).

 The Final Dividend, together with the interim dividend of GEL 2.5 per TBC PLC
 share paid on 14 October 2022, will equate to a total dividend in respect of
 the year ended 31 December 2022 of GEL 5.45 per share.  In addition, TBC PLC
 completed a share buyback in the amount of c. GEL 50 million. This represents
 a 30% dividend payout ratio, supplemented by a buyback equivalent of c. 5%,
 bringing total distribution as a share of net income to 35% for 2022 (2021:
 25%).

 For further enquiries, please contact:

 Director of Investor Relations and International Media

 Andrew Keeley

 Or

 Head of Investor Relations

 Anna Romelashvili

 ir@tbcbank.com.ge
 (file:///C%3A/Users/NGikoshvili/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/OZXDEM6G/ir@tbcbank.com.ge)

 About TBC Bank Group PLC ("TBC PLC")

 TBC Bank Group PLC ("TBC PLC") is a public limited company registered in
 England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank")
 and a group of companies that principally operate in Georgia in the financial
 sector. TBC PLC also offers non-financial services via TNET, the largest
 digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations
 into Uzbekistan by operating fast growing retail digital financial services in
 the country. TBC PLC is listed on the London Stock Exchange under the symbol
 TBCG and is a constituent of the FTSE 250 Index. It is also a member of the
 FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

 TBC Bank, together with its subsidiaries, is a leading universal banking group
 in Georgia, with a total market share of 39.5% of customer loans and 40.3% of
 customer deposits as of 31 December 2022, according to data published by the
 National Bank of Georgia.

 Contact Details: If you have any questions or if you need additional
 information please contact ir@tbcbank.com.ge (mailto:ir@tbcbank.com.ge) or
 visit our website www.tbcbankgroup.com (http://tbcbankgroup.com/)

 If you no longer wish to receive press releases from TBC Bank, please click to
 confirm your cancellation Unsubscribe
 (https://www.tbcbankgroup.com/news-and-media/email-alerts/)

 

 

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