BGEO Group announces Transaction in Own Shares

RNS Number : 1964A

Bgeo Group PLC

22 March 2017

 

            London, 22 March 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 21 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:	21 March 2017
Number of ordinary shares repurchased:	7,000
Highest price paid per ordinary share:	£30.71
Lowest price paid per ordinary share:	£30.33
Volume weighted average price paid per ordinary share:	£30.55

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 39,476,320 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:	21 March 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	7,000 3055

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
75	3071	15:59:15	XLON
56	3071	15:59:15	XLON
69	3070	15:59:15	XLON
100	3070	16:01:01	XLON
39	3070	16:01:01	XLON
36	3069	15:59:02	CHIX
84	3069	15:59:02	CHIX
53	3069	15:59:15	XLON
41	3069	16:00:09	XLON
128	3069	16:00:09	XLON
59	3069	16:00:09	XUBS
40	3069	16:00:09	XLON
18	3069	16:00:09	XLON
53	3068	16:00:09	XLON
163	3068	16:00:27	XUBS
96	3068	16:00:27	XUBS
27	3068	16:00:27	XLON
42	3068	16:00:27	XLON
139	3067	15:58:54	XLON
100	3067	16:00:27	XLON
53	3067	16:00:27	XLON
56	3067	16:00:27	XLON
56	3067	16:00:27	XLON
5	3067	16:01:01	XLON
26	3067	16:01:01	XLON
29	3067	16:01:01	XLON
60	3067	16:01:01	XLON
9	3067	16:01:01	XLON
129	3067	16:01:01	XLON
41	3067	16:01:01	XLON
99	3067	16:01:01	XLON
100	3066	15:59:36	BATE
15	3066	15:59:36	XLON
135	3065	16:00:27	TRQX
39	3065	16:00:27	XLON
70	3065	16:00:27	XLON
100	3064	16:00:27	XLON
40	3064	16:00:27	XLON
40	3063	16:00:27	XLON
61	3063	16:00:27	XLON
52	3062	15:58:21	XLON
53	3062	15:58:21	XLON
133	3062	16:00:27	TRQX
59	3061	15:58:21	XLON
61	3061	15:58:21	XLON
100	3061	15:58:21	XLON
116	3060	15:58:15	TRQX
36	3060	15:58:15	XLON
53	3060	15:58:21	XLON
100	3059	15:57:07	XLON
53	3059	15:58:15	XLON
40	3059	15:58:15	XLON
70	3057	15:55:49	XLON
100	3057	15:56:00	XLON
27	3057	15:56:00	XLON
122	3053	15:55:06	XLON
76	3052	15:48:12	XUBS
50	3052	15:48:12	XUBS
53	3052	15:54:50	XLON
132	3050	15:48:08	XUBS
100	3050	15:52:47	XLON
57	3049	15:53:30	XLON
61	3049	15:53:30	XLON
74	3048	15:48:20	XUBS
72	3048	15:48:20	XUBS
45	3048	15:48:48	XLON
53	3048	15:48:48	XLON
42	3048	15:54:36	XLON
31	3048	15:54:36	XLON
21	3047	15:48:20	XLON
53	3047	15:48:48	XLON
113	3047	15:51:44	TRQX
100	3047	15:54:36	XLON
25	3047	15:54:36	XLON
12	3046	15:48:59	XLON
60	3046	15:54:36	XLON
100	3046	15:54:36	TRQX
153	3045	15:47:55	XLON
100	3045	15:48:59	CHIX
188	3045	15:48:59	CHIX
68	3044	15:47:55	XLON
44	3044	15:47:55	XLON
53	3044	15:47:55	XLON
42	3044	15:49:33	CHIX
86	3044	15:49:33	CHIX
100	3042	15:47:55	XLON
123	3037	15:42:30	XUBS
113	3037	15:45:27	XLON
115	3036	15:42:30	XLON
48	3036	15:45:27	XUBS
94	3036	15:45:27	XLON
210	3036	15:45:27	XUBS
65	3035	15:44:23	TRQX
47	3035	15:44:23	TRQX
27	3033	15:38:27	XUBS
87	3033	15:38:27	XUBS
51	3033	15:38:27	CHIX
100	3033	15:38:27	XLON

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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