BGEO Group will list two seperate company on London Stock Exchange.
"The Scheme remains subject to sanction by the Court at the Court Hearing. Subject to the Scheme receiving the sanction of the Court and the filing of the court order with the Registrar of Companies, the Scheme is expected to become effective after market close on 18 May 2018.
If the Scheme becomes effective, Bank of Georgia Group PLC shares are expected to be admitted to the Official List and to trading on the London Stock Exchange on Monday 21 May 2018 at 8.00 a.m.. Following the Scheme Effective Time and prior to the Demerger Effective Time, Bank of Georgia Group PLC will be the holding company of the entire Group, including the Investment Business.
Subject to the satisfaction of the remaining conditions of the Demerger (including the confirmation of the Court of the Bank of Georgia Group Capital Reduction), the Demerger is expected to become effective before 8.00 a.m. on Tuesday 29 May 2018. If the Demerger becomes effective, Georgia Capital Shares are expected to be admitted to the Official List and to trading on the London Stock Exchange on Tuesday 29 May 2018, and Bank of Georgia Group PLC and Georgia Capital PLC will trade as separate entities from this time", - notes BGEO.
