TBC Bank Group plc (LON:TBCG), subject to shareholders’ approval, is recommending a final dividend for the year 2023 of GEL 4.67 per TBC PLC share. If approved, the Final Dividend will be paid on 19 July 2024 to shareholders who are on the register of members at 6:00 PM (BST) on the record date of 14 June 2024, in accordance with the following timetable:
Ex-dividend Date: 13 June 2024
Record Date: 14 June 2024
Currency Conversion Date: 21 June 2024
Payment Date: 19 July 2024
The Georgian Lari to Pound Sterling exchange rate that will apply to the final dividend payments on the conversion date of 21 June 2024 will be the average exchange rate of the National Bank of Georgia for the period of 17 June 2024 to and including of 21 June 2024 (5 days average).
The Final Dividend, together with the interim dividend of GEL 2.55 per TBC Bank Group PLC share paid on 13 October 2023, will equate to a total dividend in respect of the year ended 31 December 2023 of GEL 7.22 per share, up by 32% year-on-year, bringing total distribution as a share of net income to 35% for 2023.
