21st Mar 2018 13:29
LONDON (Alliance News) - Georgia-focused TBC Bank Group PLC said Wednesday two non-executive directors will resign later in 2018 amid Deputy Chief Executive Officer Nino Masurashvili selling shares in the firm on Monday and Tuesday.
TBC said Non-Executive Directors Stefano Marsaglia and Stephan Wilcke will stand down as "part of the evolution of board composition." The process to appoints their successors, TBC added, had already begun.
Marsaglia and Wilcke, however, will remain in post until suitable replacements are found.
In a separate announcement, TBC said Deputy CEO Masurashvili sold GBP183,000 worth of shares in the company in two transaction earlier this week. Masurashvili sold 7,204 shares at 1,830 pence on Monday and 2,796 shares at the same price on Tuesday. In total, he sold 10,000 shares.
Shares in TBC were 0.1% higher at 1,876.00 pence on Wednesday.
Related Shares:
TBC Bank Group
