JSC Bank of Georgia declared dividend in the amount of GEL 0.30 per outstanding Bank of Georgia share for the 2010 financial year, as approved by the Annual General Meeting of Shareholders held on 15 June 2011. The dividend was paid on 18 July 2011 (the Dividend Payout Start Date) to Bank of Georgia shareholders of record as of 6:00 PM on 1 July 2011 (Dividend Record Date).
JSC Bank of Georgia announced its intention to recommend GEL 0.4 dividend per share payable in 2012. Dividend payment in 2012 is subject to management achieving 2011 financial targets and the approval by the general meeting of shareholders.
The following table provides information on the dividend payments made by Bank of Georgia on its ordinary shares in respect of the years indicated:
|
|
Shares Outstanding At The Record Date(1) |
Amount Of Disbursed Dividends |
Dividend Per Share |
Dividend Payment as a % of Net Income |
|
2001 |
9,855,606 |
1,775,000 |
0.18 |
23.10% |
|
2002 |
9,855,606 |
2,150,000 |
0.22 |
30.30% |
|
2003 |
9,855,606 |
2,500,000 |
0.25 |
27.30% |
|
2004 |
11,273,386 |
- |
- |
0.00% |
|
2005 |
14,728,784 |
776,478 |
0.05 |
5.80% |
|
2006 |
25,290,198 |
- |
- |
0.00% |
|
2007 |
31,247,511 |
- |
- |
0.00% |
|
2008 |
31,271,525 |
- |
- |
0.00% |
|
2009 |
31,193,221 |
- |
- |
0.00% |
|
2010 |
31,368,120 |
9,408,097 |
0.30 |
11.38% |
1) The Record Date is a date established before the relevant GMS at which the amount of the dividend, if any, is declared for the previous year. For the years where no dividend was declared, the number of shares outstanding are as of 31 December of the relevant year.