{"id":1464,"date":"2005-09-11T14:00:10","date_gmt":"2005-09-11T10:00:10","guid":{"rendered":"http:\/\/geoeconomics.ge\/en\/?p=1464"},"modified":"2013-03-11T14:01:06","modified_gmt":"2013-03-11T10:01:06","slug":"austrian-bank-became-a-shareholder-of-bank-of-georgia","status":"publish","type":"post","link":"http:\/\/geoeconomics.ge\/en\/?p=1464","title":{"rendered":"Austrian bank became a shareholder of Bank of Georgia"},"content":{"rendered":"<p><strong>FROM THE REDACTION <\/strong><\/p>\n<p>Austrian bank became a shareholder of \u201cBank of Georgia\u201d. As the president of \u201cBank of Georgia\u201d \u2013 Lado Gurgenidze said at the presentation held on Tuesday, \u201cBank Austria credit alt\u201d bought 212 000 worth of ordinary shares, which makes up 9,9% of the bank\u2019s joint stock. <!--more--><\/p>\n<p>      \u201cThe Austrian bank issued warrants giving the right to buy \u201cBank of Georgia\u2019s\u201d shares. The trade of the warrants is possible at Vienna Stock Exchange and non-exchange markets. We are very glad that the Austrian bank, for the first time in Georgia and in the whole of the Caucasus, has completed a transaction of structural financing. The warrants will make the shares of Bank of Georgia more available for institutional investors\u201d, &#8211; Gurgenidze said.<br \/>\n      According to him, over the past several months \u201cBank of Georgia\u201d has successfully been attracting institutional investors, but it has no opportunity to access considerable segments of institutional investments. \u201cIn particular those investment funds that cannot trade exotic securities without participation of a universally recognized custodian\u201d, &#8211; Gurgenidze said.<br \/>\n      In case of obtaining of the Georgian National Bank\u2019s consent the Austrian bank intends to buy additional shares of \u201cBank of Georgia\u201d with the purpose of increasing of the number of issued warrants. \u201cThis is a very important achievement which moves Georgia\u2019s quickly developing economy one more step near international market of capitals\u201d, &#8211; Gurgenidze noted.<br \/>\n      \u201cBank of Georgia\u201d sold 500 thousand of newly emitted shares to \u201cEast Capital Holding AB\u201d, the price of one share is 7,20 GEL. \u201cWe are glad that \u201cEast Capital\u201d is showing interest toward \u201cBank of Georgia\u2019s\u201d shares, and we expect intensification of cooperation with it in the nearest future\u201d, &#8211; Gurgenidze said.<br \/>\n      The warrant for the right of buying, or derivative security, gives its owner the right to buy a share at the agreed price on a fixed day or till a fixed date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FROM THE REDACTION Austrian bank became a shareholder of \u201cBank of Georgia\u201d. As the president of \u201cBank of Georgia\u201d \u2013<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,26],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austrian bank became a shareholder of Bank of Georgia - Geoeconomics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/geoeconomics.ge\/en\/?p=1464\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Austrian bank became a shareholder of Bank of Georgia - Geoeconomics\" \/>\n<meta name=\"twitter:description\" content=\"FROM THE REDACTION Austrian bank became a shareholder of \u201cBank of Georgia\u201d. 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