REG - TBC Bank Group PLC - Declaration of Final Dividend

TBC BankAnnouncement

12/02/2025 07:00

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RNS Number : 7352W  TBC Bank Group PLC  12 February 2025

Declaration of Final Dividend

 

The Board of Directors of TBC Bank Group PLC ("TBC PLC"), subject to
shareholders' approval, is recommending a final dividend for the year 2024 of
GEL 5.55 per TBC PLC share (the "Final Dividend"). If approved, the Final
Dividend will be paid on 11 July 2025 to shareholders who are on the register
of members at 6:00 PM (BST) on the record date of 6 June 2025, in accordance
with the following timetable:

Ex-dividend Date: 5 June 2025

Record Date: 6 June 2025

Currency Conversion Date: 13 June 2025

Payment Date: 11 July 2025

The Georgian Lari to Pound Sterling exchange rate that will apply to the final
dividend payments on the conversion date of 13 June 2025 will be the average
exchange rate of the National Bank of Georgia for the period of 9 June 2025 to
and including of 13 June 2025 (5 days average).

The Final Dividend, together with the interim dividend of GEL 2.55 per TBC PLC
share paid on 11 November 2024, will equate to a total dividend in respect of
the year ended 31 December 2024 of GEL 8.10 per share, up by 12% year-on-year.
This brings the total dividend payout ratio for 2024 to 35% and total
distribution as a share of net profit to 39%, including a buyback of GEL 50
million.

 

 

For further enquiries, please contact:

Director of Investor Relations

Andrew Keeley

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's mission is to make people's lives easier by providing
digitally-led financial services to retail and corporate customers. TBC Bank
Group PLC ("TBC PLC") is a public limited company registered in England and
Wales and is the parent company of TBC Bank Georgia and TBC Uzbekistan.

TBC Bank Georgia, together with its subsidiaries, is the leading financial
services group in Georgia, with a total market share of 38.5% of customer
loans and 38.1% of customer deposits as of 31 December 2024, according to data
published by the National Bank of Georgia.

TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with
18 mln unique registered users that includes TBC Bank Uzbekistan, the
country's largest mobile-only bank, Payme, a leading digital payments app for
individuals and small businesses, and Payme Nasiya, an instalment credit
business.

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.

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