Dividend Announcement
In the Notice of Annual General Meeting dated 2 May 2012, Bank of Georgia Holdings PLC (the Company) (LSE: BGEO LN), the holding company of JSC Bank of Georgia (the Bank), Georgia’s leading bank, reconfirmed that it would retain the dividend policy previously approved by the Supervisory Board of the Bank.
As a holding company whose principal assets are the shares of its subsidiaries, the Company relies primarily on dividends from its subsidiaries to generate reserves necessary to pay dividends to its shareholders. As a result of the Bank’s strong financial performance and condition, the Supervisory Board of the Bank recommended an annual dividend in the amount of GEL 0.70 per share, which was subsequently approved by shareholders at the Bank’s Annual General Meeting on 24 May 2012.
Today, the Directors of the Company have declared an interim dividend of Georgian Lari 0.70 per share, payable to ordinary shareholders of the Company in British Pounds Sterling pursuant to the following timetable:
| Interim Dividend Declaration | 7 June 2012 |
| Ex-dividend Date | 13 June 2012 |
| Record Date | 15 June 2012 |
| Currency Conversion Date | 25 June 2012 |
| Payment Date | 2 July 2012 |
The most secure method of paying dividends is by direct credit into a nominated bank account. Ordinary shareholders who have not already done so should provide appropriate bank account details to the Company’s Registrar: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY. Those shareholders who do not take advantage of the direct credit facility will be paid the dividend by cheque in British Pounds Sterling.
