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TBC Bank Group PLC announced immediate committee changes for its Independent Non-Executive Directors. Rajeev Sawhney was appointed to the Human Resources and Remuneration Committee and stepped down from the Corporate Governance and Nomination Committee, while Per Anders Fasth moved from the Human Resources and Remuneration Committee to the Corporate Governance and Nomination Committee. Nino Suknidze was appointed to the ESG and Ethics Committee, with identical changes applied to the Supervisory Board of JSC TBC Bank.
| Date | 12 Feb 2025 |
| Time | 09:00:00 |
| Category | Board changes |
| ID | 7387W |
TBC Bank Group PLC Announces Board Committee Changes
TBC Bank Group PLC ("TBC PLC") announces that, it has appointed Rajeev Sawhney, an Independent Non-Executive Director of TBC PLC, as a member of the Human Resources and Remuneration Committee, with immediate effect. Per Anders Fasth, an Independent Non-Executive Director of TBC PLC, has been appointed as a member of the Corporate Governance and Nomination Committee, with immediate effect. Nino Suknidze, an Independent Non-Executive Director of TBC PLC, has been appointed as a member of the ESG and Ethics Committee, with immediate effect.
Rajeev Sawhney has stepped down from his role as member of the Corporate Governance and Nomination Committee, with immediate effect. Per Anders Fasth has stepped down from his role as member of the Human Resources and Remuneration Committee, with immediate effect.
In line with TBC PLC's "Mirror Boards" policy, identical changes have been made to the composition of the respective committees of the Supervisory Board of JSC TBC Bank, with immediate effect.
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's mission is to make people's lives easier by providing digitally-led financial services to retail and corporate customers. TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales and is the parent company of TBC Bank Georgia and TBC Uzbekistan.
TBC Bank Georgia, together with its subsidiaries, is the leading financial services group in Georgia, with a total market share of 38.5% of customer loans and 38.1% of customer deposits as of 31 December 2024, according to data published by the National Bank of Georgia.
TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with 18 mln unique registered users that includes TBC Bank Uzbekistan, the country's largest mobile-only bank, Payme, a leading digital payments app for individuals and small businesses, and Payme Nasiya, an instalment credit business.
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.