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Lion Finance Group Plans GEL59 Million Extension for Share Buyback Program

MT Newswires·08/11/2026 03:05:46
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03:05 AM EDT, 08/11/2026 (MT Newswires) -- Lion Finance Group (BGEO.L) said Tuesday its board approved a 59 million-Georgian-lari extension to its share buyback and cancellation program. The Georgian lender will buy up to 4,220,498 shares under the program, with repurchased treasury shares to be cancelled monthly to reduce the group's share capital. The extension will begin shortly and run until the bank's next annual general meeting, expected in May 2027. Cavendish Capital Markets is assisting with the execution of the scheme.