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REG - TBC Bank Group PLC - Changes to Board

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RNS Number : 4232Z  TBC Bank Group PLC  14 September 2022

Changes to Board

 

The Board of Directors of TBC Bank Group PLC ("TBC PLC") announces that Maria
Luisa Cicognani has stepped down as an Independent Non-Executive Director of
TBC PLC and as a member of the Supervisory Board of JSC TBC Bank ("TBC Bank")
with immediate effect to pursue other professional opportunities.

Arne Berggren, Chairman of the Board, said: "On behalf of the Board, I would
like to take this opportunity to thank Maria Luisa for her contribution to the
TBC Group and, in particular, her instrumental role as Chair of the
Remuneration Committee and her service on other committees during her four
years as a member of the Board. We wish her the best in her future
endeavours."

 

Further announcements concerning the appointment of a new Chair of the TBC PLC
Remuneration Committee and a replacement Independent Non-Executive director
will be released in due course.

 

 

 

 

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

 

Or

 

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge (mailto: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 and other closely related fields. TBC PLC also recently expanded its
operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under
the symbol TBCG and is a constituent of 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 39.1% of customer loans and 40.7% of
customer deposits as of 30 June 2022, according to data published by the
National Bank of Georgia.

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