RNS Number : 4352B
TBC Bank Group PLC
3 April 2017
TBC Bank Group PLC (“TBC PLC”) has been notified that Malone Finance Limited has sold 100,000 shares in the TBC PLC on 29 March 2017.
Malone Finance Limited, an affiliate of the Georgian Co-Investment Fund ("Malone"), has previously bought shares in connection with a derivative instrument entered into with Mamuka Khazaradze and Badri Japaridze, Chairman and Deputy Chairman of TBC PLC respectively.
After the sale of these shares it is understood that the total number of shares in TBC PLC held by Malone is 1,036,596.
For further enquiries, please contact:
Head of Investor Relations
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.
You can read the full RNS announcement here.