Business
Lion Finance Group announces share buybacks
Lion Finance Group PLC announced a GEL 98 million extension to its share buyback and cancellation programme. The programme, aiming to reduce the Group's share capital, will run until the company's 2026 Annual General Meeting (expected in May 2026) and involves repurchasing a maximum of 4,338,620 shares on the open market. The buyback is consistent with the Group's capital distribution policy targeting a 30-50% dividend/share buyback payout ratio of annual profits. Cavendish Capital Markets Limited will manage the programme, with repurchases and cancellations executed monthly. Disclaimer*
About this update from Lion Finance Group Plc
[{"type":"text","content":"\n\n\n \nLondon, 20 August 2025\n \nLion Finance Group PLC announces GEL 98 million buyback programme extension\nLion Finance Group PLC (the \"Company\" or the \"Group\") announces today that its Board of Directors (the \"Board\") has approved a GEL 98.0 million extension to the buyback and cancellation programme (the \"Programme\"). The Programme is consistent with the Group's capital distribution policy to target a dividend/share buyback payout ratio in the range of 30-50% of annual profits.\nThe programme will commence shortly and end no later than the Company's Annual General Meeting 2026 (expected to be in May 2026) and the shares will be purchased in the open market. The purpose of the buyback is to reduce the Group's share capital, and the cancellation of the treasury shares repurchased will be executed on a monthly basis. The Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted at the 2025 Annual General Meeting, Chapter 9 of the FCA UK Listing Rules, and the provisions of the Market Abuse Regulation 596/2014/EU and of the Commission Delegated Regulation (EU) 2016/1052 (as they form part of UK domestic law). The maximum number of shares that may be repurchased under the programme is 4,338,620. The Company has appointed Cavendish Capital Markets Limited (\"Cavendish\") to manage the Programme. During any closed periods the Company and its directors have no power to invoke any changes to the Programme and it will be executed at the sole discretion of Cavendish.\n \nThe Company will make further announcements in due course following the completion of any share repurchases.\n \n \n \n \n \n \n \n \nName of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations\nAbout Lion Finance Group PLC\nLion Finance Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose main subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and...