REG - TBC Bank Group PLC - EBT Share Purchase

TBC BankAnnouncement

20/05/2024 12:45

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RNS Number : 1357P  TBC Bank Group PLC  20 May 2024

20 May 2024

TBC Bank Group PLC

EBT Share Purchase

 

Further to its announcement of 10 May 2024, TBC Bank Group PLC ("the
"Company") has been notified that Apex Fiduciary Services Limited, the trustee
of its Employee Benefit Trust (the "EBT"), has on 17 May 2024 purchased 80,000
ordinary shares of 1p each in the Company ("Ordinary Shares") at an average
price of 2705.2752 pence per Ordinary Share.

These Ordinary Shares are to be held in the EBT and are intended to be used
to satisfy the awards of share options granted to employees of the Company.
The EBT is a discretionary trust for the benefit of the Company's employees,
including the Directors of the Company.

Subsequent to the announcement of the share buyback on 10 May 2024, TBC PLC
determined that rather than acquiring and then transferring the shares to the
EBT, that the EBT will acquire shares directly.  All other aspects of the
announcement of 10 May 2024 remain unchanged.

 

Further updates will be made as required.

 

Enquiries please contact:

Director of Investor Relations

Andrew Keeley

Or

Head of Investor Relations

Anna Romelashvili

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 39.1% of customer loans and 39.5% of
customer deposits as of 31 March 2024, according to data published by the
National Bank of Georgia on the analytical tool Tableau.

 

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