Lion Finance Group PLC (LSE: BGEO), the LSE-listed banking group operating in Georgia and Armenia, has announced the repurchase of 11,000 ordinary shares across four trading days in early November 2026, executed by broker Cavendish Capital Markets Limited. The purchases form part of a long-running share buyback and cancellation programme first launched in August 2025 and extended multiple times since. Notably, the company completed its GEL 59.0 million buyback tranche on 4 November 2026, with a fresh GEL 62.0 million extension commencing on 6 November 2026, signalling continued capital return activity that investors in the Georgian and Armenian banking sector may wish to monitor closely.

Key Points

  • Lion Finance Group PLC (LSE: BGEO) — LSE-listed banking holding group focused on Georgia and Armenia
  • 11,000 ordinary shares repurchased across 2, 3, 4, and 6 November 2026 via Cavendish Capital Markets Limited
  • GEL 59.0 million buyback tranche completed 4 November 2026; GEL 62.0 million extension commenced 6 November 2026; total shares cancelled or pending cancellation since August 2025 stands at 907,169
  • Investors should watch for further buyback announcements and the impact on the voting share denominator, now standing at 42,956,407 ordinary shares

Share Repurchase Details: Prices Paid Across Four Trading Days in November 2026

Cavendish Capital Markets Limited purchased shares on behalf of Lion Finance Group on 2, 3, 4, and 6 November 2026. On 2 November, 3,000 shares were bought at an average price of 11,978.4817 pence. On 3 November, a further 3,000 shares were acquired at an average of 12,160.3467 pence. On 4 November, 2,000 shares were purchased at an average of 12,784.7925 pence, and on 6 November, 3,000 shares changed hands at an average of 12,705.1317 pence. All purchases were made on the London Stock Exchange in ordinary shares of £0.01 each, pending cancellation and currently held in Treasury.

GEL 59.0 Million Tranche Completed and GEL 62.0 Million Extension Launched

The announcement states that the GEL 59.0 million phase of the buyback programme reached completion on 4 November 2026, with the subsequent GEL 62.0 million extension beginning the following trading day on 6 November 2026. The original buyback and cancellation programme was announced on 20 August 2025 and has since been extended on 20 November 2025, 25 February 2026, 7 May 2026, 11 August 2026, and most recently on 4 November 2026. Since the programme's launch, a total of 907,169 shares have been cancelled or are pending cancellation, reflecting sustained capital management activity by the group.

Voting Share Denominator Revised to 42,956,407 Following Planned Cancellations

Once the repurchased shares are formally cancelled, the total number of ordinary shares carrying voting rights will be 42,956,407. Lion Finance Group has confirmed this figure may be used by shareholders as the denominator when calculating whether they are required to disclose interests under the FCA's Disclosure Guidance and Transparency Rules. The repurchased shares are currently held in Treasury pending that cancellation. The company has stated it will make further announcements following the completion of any additional purchases under the ongoing Buyback Programme.

Lion Finance Group's Banking Operations Across Georgia and Armenia

Lion Finance Group PLC operates primarily through two subsidiary banks: Bank of Georgia, serving the Georgian market, and Ameriabank, operating in Armenia. The group describes both as leading, customer-centric universal banks active in what it characterises as high-growth markets. The company is LSE-listed under ticker BGEO and maintains its investor relations function through Sam Goodacre, with company secretarial services handled by Computershare Company Secretarial Services Limited. The continued extension of a material buyback programme may be seen as a signal of management confidence in ongoing capital generation across both markets.