RNS Number : 0209E
TBC Bank Group PLC
3 May 2017
Further to the publication on 3 April 2017 of the TBC Bank Group PLC ("TBC PLC") Annual Report for the financial year ended 31 December 2016, TBC PLC announces that it has, today, posted or made available to shareholders the notice of Annual General Meeting and related form of proxy (together, the "Notice of AGM").
The Annual General Meeting will be held at 10.00 am (BST) on Monday, 5 June 2017 at the offices of Baker McKenzie, 100 New Bridge Street, London EC4V 6JA (the "AGM").
The Notice of AGM includes a resolution to approve a final dividend of GEL 1.42 per TBC PLC share (the "Final Dividend"). If approved, the Final Dividend would be paid on 14 July 2017 (in GBP at the official exchange rate of the National Bank of Georgia for 15 June 2017) to shareholders who are on the register of members on the record date of 9 June 2017. The ex-dividend date for the Final Dividend would be 8 June 2017.
In addition, subject to shareholder approval, TBC PLC plans to operate an optional scrip dividend scheme that will commence with the proposed Final Dividend and give shareholders the right to receive new ordinary shares in the capital of TBC PLC (credited as fully paid) instead of cash.
For further enquiries, please contact:
Head of Investor Relations
About 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 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.