TBC Bank announces that an application has been made to the UK Listing Authority and the London Stock Exchange for 516,140 new ordinary shares of TBC PLC (the “Bonus Shares”) to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to be traded on the main market of the London Stock Exchange for listed securities ("Admission").
The Bonus Shares will be issued pursuant to the terms of the TBC PLC group long term incentive plan and will rank pari passu in all respects with TBC PLC's existing ordinary shares. It is expected that Admission of the Bonus Shares will become effective at 8:00 a.m. tomorrow, 28 March 2017.
Total voting rights
Following Admission, TBC PLC will have 52,682,843 ordinary shares in issue of which none are held in Treasury. The total number of voting rights that may be used by shareholders in TBC Bank as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of TBC PLC under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules will therefore be 52,682,843.
Sean Wade, Director of International Media and IR, TBC Bank
Tel: +44 (0) 7464 609025
For further information: http://tbcbankgroup.com/
About TBC PLC
TBC Bank, 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 London Stock Exchange under the symbol TBCG.
TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 31.1% of loans (or 38.9% taking into account TBC Bank's holding in JSC Bank Republic) and 33.0% of non-banking deposits (or 37.8% taking into account TBC Bank's holding in JSC Bank Republic) as at 31 December 2016, according to the data published by the National Bank of Georgia.
The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under the securities law of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States or to U.S. persons, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No public offering of the securities will be made in the United States.
You can read the full RNS announcement here.