Bank of Georgia Group PLC (LSE:BGEO) added 7% on the main market on Thursday following the announcement of an additional £45mln to its share buyback programme.
This is consistent with the Group's capital and distribution policy, announced in September 2021, to target a dividend/share buyback payout ratio in the range of 30-50% of annual profits.
The bank’s shares were changing hands at 2,910p with a market capitalisation of £1.38bn at the time of writing.