RNS Number: 1240Y
TBC Bank Group PLC
01 March 2017
"The European Union Market Abuse Regulation EU 596/2014 requires TBC Bank Group PLC to disclose that this announcement contains Inside Information, as defined in that Regulation"
TBC Bank Group PLC ("TBC PLC") announces that it has waived the 1 year lock-up period in respect to remaining 80% of the shares received by Societe Generale as part of its total consideration for the sale to TBC PLC of JSC Bank Republic on 20 October 2016. Societe Generale holds 2,807,734 shares in TBC PLC and the lock up period applied in relation to 2,246,187 shares. As a result of the waiver, the entire 2,807,734 shares are free from the lock-up restriction with immediate effect.
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.
About TBC Bank
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.