BGEO Group announces Transaction in Own Shares

RNS Number : 2541A

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) today announces, that 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:	22 March 2017
Number of ordinary shares repurchased:	7,000
Highest price paid per ordinary share:	£30.65
Lowest price paid per ordinary share:	£30.12
Volume weighted average price paid per ordinary share:	£30.41

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 39,469,320 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:	22 March 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	7,000 3041

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
69	3065	15:23:35	XLON
89	3060	15:48:29	XLON
18	3060	15:48:29	XLON
106	3059	16:07:05	XLON
64	3058	15:39:12	TRQX
42	3058	15:39:12	TRQX
79	3058	15:51:22	XLON
29	3058	15:51:22	XLON
107	3058	15:54:01	XLON
126	3058	16:12:32	XLON
50	3057	15:30:52	TRQX
41	3057	15:30:52	TRQX
43	3057	15:30:52	TRQX
66	3057	15:32:32	XLON
40	3057	15:32:32	XLON
19	3057	16:09:01	XLON
22	3057	16:09:01	XLON
34	3057	16:09:01	XLON
73	3057	16:09:01	XLON
108	3057	16:14:12	BATE
143	3056	15:30:04	XLON
108	3056	15:35:52	TRQX
107	3056	16:01:05	XLON
32	3056	16:14:00	XLON
74	3056	16:14:00	XLON
27	3055	15:19:25	XLON
79	3055	15:19:25	XLON
100	3055	16:21:47	XLON
16	3055	16:21:47	XLON
74	3053	16:26:00	XLON
4	3053	16:26:00	XLON
6	3052	16:17:58	CHIX
40	3052	16:17:58	CHIX
50	3052	16:17:58	CHIX
20	3052	16:17:58	CHIX
91	3047	15:09:39	XLON
15	3047	15:09:39	XLON
34	3045.75	13:23:25	JPMX
44	3045	13:23:05	XLON
1	3045	13:23:05	XLON
68	3045	13:23:05	XLON
71	3044.5	12:52:28	JPMX
110	3044	12:59:05	CHIX
107	3044	13:47:54	XLON
60	3043.75	12:52:03	JPMX
40	3043	12:15:57	TRQX
44	3043	13:20:52	XLON
45	3043	13:50:09	XLON
61	3043	13:50:09	XLON
75	3043	14:02:32	XLON
32	3043	14:02:32	XLON
13	3043	14:09:58	XLON
45	3043	14:09:58	XLON
36	3043	15:06:02	XLON
70	3043	15:06:02	XLON
51	3042.75	12:16:02	JPMX
107	3042	12:33:29	JPMX
44	3042	12:52:01	TRQX
62	3042	13:37:32	XLON
112	3042	14:11:12	CHIX
109	3042	15:01:47	XLON
50	3041	13:14:59	XLON
25	3041	13:14:59	XLON
31	3041	13:14:59	XLON
7	3041	13:14:59	XLON
112	3041	13:54:04	XLON
117	3041	14:37:32	XLON
1	3040	14:23:15	XLON
106	3040	14:23:15	XLON
100	3040	14:27:17	XLON
7	3040	14:27:17	XLON
106	3039	12:36:43	XLON
52	3039	13:31:15	XLON
62	3039	13:31:15	XLON
89	3037	12:09:30	XLON
106	3037	14:30:04	TRQX
86	3037	14:56:56	XLON
30	3037	14:56:56	XLON
77	3036	12:44:34	BATE
34	3036	12:44:34	BATE
112	3036	13:06:27	XLON
107	3036	14:43:03	XLON
6	3036	14:45:12	XLON
110	3036	14:45:12	XLON
58	3035.5	11:09:58	JPMX
72	3033	11:26:15	TRQX
17	3033	11:34:03	TRQX
21	3033	11:35:41	TRQX
106	3033	12:04:00	CHIX
29	3033	14:51:20	XLON
79	3033	14:51:20	XLON
107	3032	11:09:44	XLON
113	3031	11:41:49	JPMX
29	3029	11:38:29	XLON
99	3029	11:38:29	XLON
47	3028	11:47:32	XLON
38	3028	11:47:32	XLON
27	3028	11:47:32	XLON
22	3026	11:57:32	XLON
72	3025.75	10:59:30	JPMX
106	3024	10:59:17	JPMX
106	3020	10:37:48	JPMX
18	3017	10:43:08	CHIX
97	3017	10:43:08	CHIX
111	3016	10:49:57	XLON
106	3015	10:25:52	JPMX
15	3014	10:22:27	XLON
98	3014	10:25:52	XLON
33	3012	10:06:42	XLON
79	3012	10:06:42	XLON
109	3012	10:09:15	XLON
1	3012	10:09:15	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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