Source - LSE Regulatory
RNS Number : 1439P
TBC Bank Group PLC
15 February 2021
 

Update on Changes to Board Roles

 

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.

 

Legal Entity Identifier: 213800T6NS9N2WQ3B328

The Board of TBC PLC confirms that Mr. Haag has stepped down from his role as chair of the audit committee of the Board and audit committee of the Supervisory Board of the JSC TBC Bank (the "Bank") with immediate effect. Mr. Haag continues as a director of both TBC PLC and TBC Bank JSC and as a member of the audit committee of both.

The Board of TBC PLC confirms that Maria Luisa Cicognani has been appointed as the interim chair of the Audit Committee of the Board and the Supervisory Board of the Bank with immediate effect.

The Board further confirms that Mr. Haag has also decided to step down from the role of Senior Independent Director of both TBC PLC Board and the Supervisory Board of the Bank with immediate effect and instead Arne Berggren has been elected as the interim Senior Independent Director at both TBC PLC Board and Supervisory Board level.

The person responsible for arranging the release of this announcement is Zoltan Szalai.

 

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 Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

 

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.3% of loans and 38.3% of non-banking deposits as of 30 September 2020, according to data published by the National Bank of Georgia.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCTAMJTMTBBBRB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Tbc Bank Group PLC (TBCG)

+25.00p (+0.79%)
delayed 13:45PM