Bank of Georgia Hldg (BGEO) - Bank of Georgia Holdings to enter FTSE indices
RNS Number : 8735E
Bank of Georgia Holdings PLC
07 June 2012
London, 7 June , 2012
BANK OF GEORGIA TO ENTER FTSE 250 AND FTSE ALL-SHARE INDICES
Bank of Georgia Holdings PLC (LSE: BGEO LN), (the "Company" ), the holding
company of JSC Bank of Georgia and its subsidiaries (the "Bank"), Georgia's
leading bank, welcomes yesterday's announcement by the FTSE that the Company's
shares will be included in both the FTSE 250 Index and the FTSE All Share
Index from 15 June 2012.
In order to qualify for membership of the FTSE 250 Index, the Bank has been
required to meet a number of criteria, which cover factors such as market
capitalisation, free float and average daily trading. The Company believes
that its shares are now likely to be added to the holdings of FTSE 250 and
FTSE All Share Index Funds, creating further significant improvements in the
liquidity of its securities.
Irakli Gilauri,36, Chief Executive Officer of Bank of Georgia Holdings plc,
"Our inclusion in both the FTSE 250 and FTSE All-Share Indices is another
major step forward for Bank of Georgia to further increase the liquidity of
our shares and our profile in international capital markets, following our
Premium Listing in February 2012. Through our UK-incorporated holding company
and with our strong track record on corporate governance, we offer UK and
emerging market institutional investors access to the fast-growing Georgian
economy and banking sector; we are unique among FTSE banks not only because of
our emerging markets focus but also because of the strength of our balance
sheet with a 23% core Tier I ratio (BIS basis), our high levels of liquidity
and profitability and our growth prospects."
About Bank of Georgia Holdings plc
Bank of Goergia Holdings pls is a UK-incorporated holding company of Bank of
Georgia. Bank of Georgia is the leading Georgian bank, based on total assets
(with a 34% market share), total loans (with a 35% market share) and client
deposits (with a 34% market share) as of 31 March 2012, all data based on
standalone financial information filed by banks in Georgia with the National
Bank of Georgia. The Bank offers a broad range of corporate banking, retail
banking, wealth management, brokerage and insurance services to its clients.
Bank of Georgia has, as of the date hereof, the following credit ratings:
Standard & Poor's 'BB-/B'
Moody's 'B1/NP' (FC) & 'Ba3/NP' (LC)
For further information, please visit www.bog.ge/ir or contact:
Irakli Gilauri Macca Ekizashvili David Westover/Justin Griffith
Chief Executive Officer Head of Investor Citigate Dewe Rogerson
+995 322 444 109 +995 322 444 256 +44 (0) 207 638 9571
email@example.com firstname.lastname@example.org email@example.com
This news report is presented for general informational purposes only
and should not be construed as an offer to sell or the solicitation of an
offer to buy any securities.
This information is provided by RNS
The company news service from the London Stock Exchange
MSCGLGDLRGGBGDR -0- Jun/07/2012 06:11 GMT
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