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TBC Shares Paving Way to Reach Premium Listing in August

TBC Shares Paving Way to Reach Premium Listing in August

TBC Bank shares will be included in the premium listing in August 2016.

The bank director general Vakhtang Butskhrikidze noted that all procedures will be completed by the mentioned period.

As reported, TBC Bank placed its shares (global depository receipts  – GDRs) at the London Stock Exchange (LSE) in June 2014.

As part of the IPO, TBC Bank has placed 19 684 323 shares (GDRs) worth 256 million USD.

TBC Bank placed its GDRs at LSE by support of Bank of New York Mellon, with the participation of Barclays Bank PLC and UBS investment bank.

In two years after placement, price of shares stay around 13%. The maximum price of 13.5$ as registered in the June 14-20 reporting week.