Source - LSE Regulatory
RNS Number : 4184D
TBC Bank Group PLC
16 February 2024
 

Declaration of Final Dividend

The Board of Directors of TBC PLC, subject to shareholders' approval, is recommending a final dividend for the year 2023 of GEL 4.67 per TBC PLC share (the "Final Dividend"). If approved, the Final Dividend will be paid on 19 July 2024 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 14 June 2024, in accordance with the following timetable:  

Ex-dividend Date: 13 June 2024

Record Date: 14 June 2024

Currency Conversion Date: 21 June 2024

Payment Date: 19 July 2024

 

The Georgian Lari to Pound Sterling exchange rate that will apply to the final dividend payments on the conversion date of 21 June 2024 will be the average exchange rate of the National Bank of Georgia for the period of 17 June 2024 to and including of 21 June 2024 (5 days average).

 

The Final Dividend, together with the interim dividend of GEL 2.55 per TBC PLC share paid on 13 October 2023, will equate to a total dividend in respect of the year ended 31 December 2023 of GEL 7.22 per share, up by 32% year-on-year, bringing total distribution as a share of net income to 35% for 2023.

 

 

 

For further enquiries, please contact:

Director of Investor Relations

Andrew Keeley

 

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. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. 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 customer loans and 40.1% of customer deposits as of 31 December 2023, according to data published by the National Bank of Georgia on the analytical tool Tableau.

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