BGEO Group announces Transaction in Own Shares

RNS Number : 9083Z

Bgeo Group PLC

20 March 2017

 

            London, 20 March 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 17 March 2017, Numis Securities Limited, purchased on behalf of the BGEO the number of ordinary shares of £0.01 each on the London Stock Exchange as set out in the table below (the Repurchased Shares) pursuant to the BGEO share buyback and cancellation programme announced on 10 March 2017 (the Buyback Programme).

Date of purchase:	17 March 2017
Number of ordinary shares repurchased:	7,000
Highest price paid per ordinary share:	£30.72
Lowest price paid per ordinary share:	£30.54
Volume weighted average price paid per ordinary share:	£30.60

Application will be made for the Repurchased Shares to be cancelled immediately. Following the cancellation of the Repurchased Shares, the total number of ordinary shares with voting rights will be 39,483,320 which may immediately be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, BGEO under the FCA's Disclosure Guidance and Transparency Rules. BGEO Group PLC holds no shares in treasury.   

BGEO will make further announcements following the completion of any additional purchases pursuant to the Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Numis Securities Limited on behalf of BGEO as part of the Buyback Programme. 

Both aggregate data in respect of the Repurchased Shares as well as the individual purchases are set out below.

Aggregate information:

Issuer name and ISIN:	BGEO Group PLC (ISIN: GB00B759CR16)
Date of purchases:	17 March 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	7,000 3060

Individual transactions:

Number of shares purchased	Transaction price (per share) in pence	Time of transaction	Platform
29	3072	12:26:38	XLON
53	3072	12:26:38	XLON
14	3072	12:26:38	XLON
48	3071	12:25:32	CHIX
71	3071	12:25:32	CHIX
44	3071	12:26:38	TRQX
32	3069	12:25:28	XLON
100	3069	13:22:59	XLON
14	3069	13:22:59	XLON
86	3069	14:09:11	BATE
22	3069	14:09:11	BATE
56	3068	12:02:46	TRQX
57	3068	12:02:46	TRQX
102	3068	12:27:48	TRQX
144	3068	13:22:59	XLON
12	3068	13:22:59	XLON
101	3068	13:26:28	TRQX
88	3068	14:09:12	CHIX
15	3068	14:09:12	CHIX
53	3068	14:19:36	XLON
55	3068	14:19:36	XLON
123	3067	12:03:58	XUBS
69	3067	14:07:56	XLON
40	3067	14:07:56	XLON
104	3066	12:51:58	TRQX
81	3066	13:23:15	TRQX
32	3066	13:23:15	TRQX
93	3066	14:09:25	TRQX
22	3066	14:09:29	TRQX
4	3066	14:20:48	TRQX
24	3066	14:22:00	TRQX
76	3066	14:22:00	TRQX
100	3066	14:31:58	XLON
19	3066	14:31:58	XLON
116	3066	14:41:30	XLON
100	3066	14:41:37	XLON
18	3066	14:41:37	XLON
146	3065	13:49:30	XLON
133	3065	13:49:30	XLON
2	3065	14:31:58	TRQX
106	3065	14:57:36	XLON
109	3064	12:25:28	XUBS
100	3064	12:54:54	CHIX
22	3064	12:55:10	CHIX
121	3064	12:59:30	XLON
105	3064	13:23:17	CHIX
106	3064	13:34:28	TRQX
2	3064	14:07:56	TRQX
56	3064	14:22:00	TRQX
59	3064	14:22:00	TRQX
116	3064	14:35:54	TRQX
115	3063	13:07:55	CHIX
104	3063	13:34:28	XLON
38	3063	14:30:55	TRQX
32	3063	14:30:55	TRQX
31	3063	14:30:55	TRQX
100	3063	14:36:03	TRQX
3	3063	14:36:03	TRQX
66	3063	14:43:08	BATE
28	3063	14:43:08	BATE
12	3063	14:43:08	BATE
111	3063	14:43:08	BATE
43	3063	14:57:36	CHIX
98	3063	14:58:10	XUBS
17	3063	14:58:10	XUBS
102	3062	12:25:19	XUBS
30	3062	12:25:19	XLON
14	3062	12:25:19	XLON
102	3062	12:55:56	TRQX
80	3062	12:59:30	XLON
31	3062	12:59:30	XLON
12	3062	12:59:30	XLON
109	3062	14:38:55	XLON
2	3062	14:38:55	XLON
45	3062	15:06:54	XLON
2	3061	13:07:32	CHIX
26	3061	13:34:31	XLON
75	3061	13:34:32	XLON
8	3061	13:34:43	XLON
107	3061	13:53:25	TRQX
60	3061	14:44:33	BATE
59	3061	14:44:34	BATE
53	3060.5	14:26:18	XUBS
25	3060	11:53:18	XUBS
124	3060	11:53:18	XUBS
95	3060	12:02:39	TRQX
85	3060	14:06:39	XUBS
42	3060	14:06:39	XUBS
116	3060	14:23:59	XUBS
56	3060	14:25:18	XUBS
39	3060	14:25:18	XUBS
119	3060	14:36:08	XLON
108	3060	14:52:34	XUBS
7	3060	14:52:34	XUBS
77	3060	14:58:52	TRQX
38	3060	14:58:52	TRQX
46	3059	13:18:59	TRQX
63	3059	13:18:59	TRQX
70	3059	13:56:02	TRQX
52	3059	13:58:19	TRQX
105	3059	14:06:39	TRQX
70	3059	15:05:59	XLON
43	3059	15:05:59	XLON
30	3059	15:06:20	CHIX
80	3059	15:06:20	XLON
100	3059	15:06:44	XLON
38	3059	15:06:44	XLON
67	3058	14:06:42	TRQX
50	3058	14:06:49	TRQX
11	3058	14:56:50	TRQX
125	3057	15:06:46	TRQX
4	3054	11:54:05	TRQX

Name of authorised official of issuer responsible for making notification:

Rebecca Wooldridge, Deputy Company Secretary

About BGEO Group PLC

The Group: BGEO Group PLC ("BGEO" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company of a Georgia-focused investment platform. BGEO invests in the banking and non-banking sectors in Georgia (BGEO and its subsidiaries, the "Group"). BGEO aims to deliver on a 4x20 strategy: at least 20% ROAE and at least 20% growth of retail loan book in Banking Business, and at least 20% IRR and up to 20% of the Group's profit from Investment Business.

Banking Business: Our Banking Business comprises at least 80% of the Group's profit and consists of Retail Banking, Corporate Banking and Investment Management businesses at its core and other banking businesses such as P&C Insurance, Leasing, Payment Services and Banking operations in Belarus ("BNB"). The Group strives to benefit from the underpenetrated banking sector in Georgia especially through its Retail Banking services. JSC Bank of Georgia ("BOG" or the "Bank") is the main entity in the Group's Banking Business.

Investment Business: Our Investment Business comprises up to 20% of the Group's profit and consists of Georgia Healthcare Group (Healthcare Business) - an LSE (London Stock Exchange PLC) premium listed company, m2 Real Estate (Real Estate Business), Georgia Global Utilities (Utility Business or GGU) and Teliani Valley (Beverage Business). Georgia's fast-growing economy provides opportunities in a number of underdeveloped markets and the Group is well positioned to capture growth opportunities in the Georgian corporate sector.

JSC BGEO Group has, as of the date hereof, the following credit ratings:		Bank of Georgia has, as of the date hereof, the following credit ratings:
Fitch Ratings	'BB-/B'	Fitch Ratings	'BB-/B'
Moody's	B1/NP (FC) & B1/NP (LC)	Moody's	'B1/NP' (FC) & 'Ba3/NP' (LC)

For further information, please visit www.bgeo.com or contact: 

Irakli Gilauri	Michael Oliver	Giorgi Alpaidze
Group CEO	Adviser to the CEO	Head of Investor Relations
[phone]	[phone]	[phone] (ext. 3979)
[e-mail]	[e-mail]	[e-mail]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

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