Dividend Currency Conversion Rate and Scrip Reference Share Price
At the 2017 Annual General Meeting of TBC Bank Group PLC ("TBC PLC") held on 5 June 2017 (the "AGM"), TBC PLC shareholders passed a resolution to declare a final dividend of GEL 1.42 per TBC PLC share (the "Final Dividend"). The Final Dividend will be paid in Pounds Sterling on 14 July 2017 to shareholders who were on the TBC PLC register of members on the record date of 9 June 2017. The ex-dividend date for the Final Dividend was 8 June 2017.
TBC PLC today announces that the Georgian Lari / Pound Sterling exchange rate that will apply to all Final Dividend payments will be 3.0676, being the official exchange rate of the National Bank of Georgia for 15 June 2017.
TBC PLC shareholders also passed a resolution at the AGM that authorised TBC PLC's board of directors to offer a scrip dividend alternative in respect of the Final Dividend (the "Scrip Dividend Scheme"). TBC PLC today announces that the scrip reference share price that will be used in calculating the entitlement of those who have elected to participate in the Scrip Dividend Scheme is 17.92 GBP (the "Scrip Reference Share Price"). The Scrip Reference Share Price is based on the average of the closing middle market quotations for the Company's ordinary shares, as derived from the London Stock Exchange Daily Official List, for the five business days commencing on the ex-dividend date of 8 June 2017.
Shareholders who hold their shares in CREST and who wish to elect to participate in the Scrip Dividend Scheme should, if they have not already done so, complete a Dividend Election Input Message via CREST no later than 4:30 p.m. (UK time) on 23 June 2017. Full terms and conditions of the Scrip Dividend Scheme are available on TBC PLC's website, www.tbcbankgroup.com .
For further enquiries, please contact:
Head of Investor Relations
Anna Romelashvili
[email protected]
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
