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Admission to Trading on the London Stock Exchange

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By LSE RNS

RNS Number : 0227J
TBC Bank Group PLC
23 June 2017
 

This announcement does not contain, constitute or form part of any offer or invitation to sell or subscribe or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, and neither this announcement (nor any part of it) nor the fact of its distribution form the basis of, or may be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever.

23 June 2017

Admission to Trading on the London Stock Exchange

 

TBC Bank Group PLC (TBC PLC) announces that an application has been made to the UK Listing Authority and the London Stock Exchange for 102,121 new ordinary shares of TBC PLC (the "Offer Shares") to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to be traded on the main market of the London Stock Exchange for listed securities ("Admission").

 

The Offer Shares will be issued pursuant to the terms of a private offer (the "Offer") to the holders of the ordinary shares of JSC TBC Bank ("Bank Shares") who have tendered Bank Shares pursuant to the Offer.  The holders of Bank Shares are individuals that did not participate in the tender offer to holders made in 2016 by TBC PLC prior to TBC PLC's admission to the premium segment of the Official List of the Financial Conduct Authority. Holders of Bank Shares will receive one Offer Share for each Bank Share tendered pursuant to the Offer.

 

In accordance with terms sent to holders of Bank Shares on 31 May 2017, the Offer expired at 18:00 (Tbilisi time) on 19 June 2017. TBC PLC confirms that 102,121 Bank Shares were tendered pursuant to the Offer. The resulting 102,121 Offer Shares will rank pari passu in all respects with TBC PLC's existing ordinary shares. It is expected that Admission of the Offer Shares will become effective at 8:00 a.m (London time) on 26 June 2017.

 

Total voting rights

 

Following Admission, TBC PLC will have 52,784,964 ordinary shares in issue of which none are held in Treasury. The total number of voting rights that may be used by shareholders in TBC PLC as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of TBC PLC under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules will therefore be 52,784,964.

ENDS

For further enquiries, please contact:

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

 

About TBC Bank Group PLC

TBC PLC is a public limited company registered in England and Wales, incorporated in February 2016. TBC PLC became the parent company of 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 30.3% of loans (or 37.8% taking into account TBC Bank's holding in JSC Bank Republic and 33.4% of non-banking deposits (or 37.6% taking into account TBC Bank's holding in JSC Bank Republic) as at 31 March 2017, according to the data published by the National Bank of Georgia

 

IMPORTANT NOTICE

The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under the securities law of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States or to U.S. persons, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No public offering of the securities will be made in the United States.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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