13th May 2024 14:27
(Alliance News) - Bank of Georgia Group PLC on Monday confirmed its proposed final dividend for 2023.
The Tbilisi, Georgia-based lender proposed a final dividend of GEL4.94, approximately GBP1.47, per ordinary share.
This will bring the total dividend for the year to GEL8.00 per share, representing a 4.6% increase from GEL7.65 paid in 2022.
The dividend remains subject to approval by shareholders at the upcoming annual general meeting on June 17.
Bank of Georgia shares were down 0.7% to 4,905.00 pence each in London on Monday afternoon.
By Elijah Dale, Alliance News reporter
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