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TBC Bank Group PLC   -  TBCG   

Possible Future Secured Borrowing Transaction

Released 13:38 26-Jun-2019

RNS Number : 5295D
TBC Bank Group PLC
26 June 2019
 

Possible Future Secured Borrowing Transaction by Director/PDMR

TBC Bank Group PLC (TBC) confirms that it has been informed that the Chairman and Deputy Chairman are considering entering into a repurchase transaction with a third party financial institution(s) over TBC ordinary shares representing up to approximately 8% of the total share capital of TBC (or to pledge such shares as part of some other form of lending arrangement). Pursuant to the repurchase transaction the Chairman and Deputy Chairman would sell their shares to the third party financial institution and agree to repurchase them at a specified date in the future, as a form of borrowing secured on their shares of TBC.  Entry into any such transaction would be subject to market conditions.

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

 

About TBC Bank Group PLC ("TBC PLC")

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the premium segment of London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.4% of loans and 40.4% of non-banking deposits as at 31 March 2019, according to data published by the National Bank of Georgia

 


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Possible Future Secured Borrowing Transaction - RNS