BGEO Group announces Transaction in Own Shares

RNS Number : 9882I

Bgeo Group PLC

23 June 2017

 

                London, 23 June 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 22 June 2017, Numis Securities Limited purchased on behalf of BGEO the number of BGEO 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 which commenced on 10 March 2017 (the Buyback Programme).

Date of purchase:	22 June 2017
Number of ordinary shares repurchased:	10,000
Highest price paid per ordinary share:	£35.46
Lowest price paid per ordinary share:	£34.95
Volume-weighted average price paid per ordinary share:	£35.20

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 39,412,320 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 June 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	10,000 3520

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Venue	TRN
5	3524	16:29:50	XLON	00031584333TRLO0
2	3522	16:29:41	XLON	00031584293TRLO0
46	3522	16:29:41	XLON	00031584292TRLO0
100	3522	16:29:41	XLON	00031584291TRLO0
90	3519	16:28:16	XLON	00031584195TRLO0
129	3519	16:27:51	XLON	00031584172TRLO0
80	3518	16:27:12	XLON	00031584145TRLO0
34	3519	16:26:47	XLON	00031584131TRLO0
46	3519	16:26:47	XLON	00031584130TRLO0
49	3518	16:23:46	XLON	00031584002TRLO0
90	3518	16:23:46	XLON	00031584001TRLO0
46	3518	16:23:46	XLON	00031584000TRLO0
110	3518	16:23:46	XLON	00031583999TRLO0
45	3509	16:17:27	XLON	00031583724TRLO0
35	3509	16:17:27	XLON	00031583723TRLO0
160	3517	16:17:16	XLON	00031583711TRLO0
171	3519	16:15:28	XLON	00031583657TRLO0
70	3526	16:12:41	XLON	00031583514TRLO0
90	3526	16:12:41	XLON	00031583513TRLO0
12	3526	16:12:41	XLON	00031583512TRLO0
46	3526	16:12:41	XLON	00031583511TRLO0
100	3526	16:12:41	XLON	00031583510TRLO0
3	3526	16:07:31	XLON	00031583201TRLO0
100	3526	16:07:31	XLON	00031583200TRLO0
61	3526	16:07:18	XLON	00031583184TRLO0
46	3526	16:07:18	XLON	00031583183TRLO0
15	3525	16:07:02	XLON	00031583166TRLO0
100	3525	16:07:02	XLON	00031583165TRLO0
80	3524	16:05:14	XLON	00031583087TRLO0
66	3532	15:56:35	XLON	00031582661TRLO0
75	3532	15:56:35	XLON	00031582660TRLO0
80	3535	15:55:55	XLON	00031582612TRLO0
80	3532	15:53:45	XLON	00031582516TRLO0
80	3528	15:53:11	XLON	00031582473TRLO0
31	3523	15:51:56	XLON	00031582444TRLO0
49	3523	15:51:56	XLON	00031582443TRLO0
41	3522	15:50:07	XLON	00031582342TRLO0
39	3522	15:50:07	XLON	00031582341TRLO0
74	3523	15:46:15	XLON	00031582215TRLO0
70	3523	15:46:15	XLON	00031582214TRLO0
100	3523	15:46:15	XLON	00031582213TRLO0
39	3522	15:45:35	XLON	00031582077TRLO0
34	3512	15:37:51	XLON	00031581698TRLO0
110	3512	15:37:51	XLON	00031581697TRLO0
100	3512	15:37:51	XLON	00031581696TRLO0
93	3508	15:36:15	XLON	00031581645TRLO0
100	3510	15:29:42	XLON	00031581426TRLO0
70	3509	15:29:22	XLON	00031581424TRLO0
46	3509	15:29:22	XLON	00031581423TRLO0
151	3499	15:18:01	XLON	00031580977TRLO0
100	3499	15:18:01	XLON	00031580976TRLO0
9	3499	15:18:01	XLON	00031580975TRLO0
80	3495	15:06:55	XLON	00031580518TRLO0
91	3495	15:06:55	XLON	00031580517TRLO0
25	3496	15:04:03	XLON	00031580404TRLO0
1	3496	15:04:03	XLON	00031580403TRLO0
54	3496	15:04:03	XLON	00031580402TRLO0
81	3496	15:04:03	XLON	00031580401TRLO0
3	3501	14:59:02	XLON	00031580215TRLO0
3	3501	14:59:02	XLON	00031580214TRLO0
70	3501	14:59:02	XLON	00031580213TRLO0
28	3500	14:57:43	XLON	00031580125TRLO0
62	3500	14:57:43	XLON	00031580124TRLO0
80	3503	14:55:46	XLON	00031580039TRLO0
80	3502	14:54:58	XLON	00031580016TRLO0
70	3499	14:53:41	XLON	00031579968TRLO0
65	3498	14:52:52	XLON	00031579940TRLO0
34	3498	14:52:52	XLON	00031579939TRLO0
72	3496	14:52:38	XLON	00031579910TRLO0
65	3495	14:41:10	XLON	00031579479TRLO0
15	3495	14:41:10	XLON	00031579478TRLO0
90	3495	14:41:10	XLON	00031579477TRLO0
181	3505	14:35:30	XLON	00031579326TRLO0
51	3505	14:35:30	XLON	00031579325TRLO0
78	3501	14:28:03	XLON	00031579070TRLO0
63	3501	14:28:03	XLON	00031579069TRLO0
314	3504	14:21:35	XLON	00031578898TRLO0
80	3508	14:19:55	XLON	00031578858TRLO0
80	3503	14:15:29	XLON	00031578782TRLO0
80	3501	14:08:58	XLON	00031578637TRLO0
15	3512	13:49:49	XLON	00031578278TRLO0
88	3512	13:49:49	XLON	00031578277TRLO0
26	3512	13:49:49	XLON	00031578276TRLO0
29	3520	13:42:32	XLON	00031578149TRLO0
100	3520	13:42:32	XLON	00031578148TRLO0
80	3535	13:40:10	XLON	00031578096TRLO0
188	3536	13:40:10	XLON	00031578095TRLO0
45	3538	13:25:59	XLON	00031577915TRLO0
50	3538	13:25:59	XLON	00031577914TRLO0
257	3540	13:25:18	XLON	00031577906TRLO0
182	3519	13:05:43	XLON	00031577656TRLO0
2	3520	12:55:10	XLON	00031577472TRLO0
82	3520	12:55:10	XLON	00031577471TRLO0
86	3526	12:46:31	XLON	00031577287TRLO0
16	3530	12:43:20	XLON	00031577184TRLO0
50	3530	12:43:20	XLON	00031577183TRLO0
20	3530	12:43:20	XLON	00031577182TRLO0
3	3530	12:43:20	XLON	00031577181TRLO0
96	3530	12:43:20	XLON	00031577180TRLO0
86	3532	12:34:22	XLON	00031576849TRLO0
93	3532	12:34:22	XLON	00031576848TRLO0
29	3533	12:34:22	XLON	00031576847TRLO0
15	3533	12:34:22	XLON	00031576846TRLO0
20	3533	12:34:22	XLON	00031576845TRLO0
17	3533	12:34:22	XLON	00031576844TRLO0
88	3523	12:16:01	XLON	00031576419TRLO0
12	3523	12:16:01	XLON	00031576418TRLO0
71	3529	12:02:23	XLON	00031576094TRLO0
5	3529	12:02:23	XLON	00031576093TRLO0
4	3529	12:02:23	XLON	00031576092TRLO0
104	3523	11:56:08	XLON	00031575866TRLO0
292	3529	11:33:32	XLON	00031575135TRLO0
108	3530	11:33:30	XLON	00031575133TRLO0
23	3534	11:28:29	XLON	00031575023TRLO0
100	3533	11:28:23	XLON	00031575020TRLO0
101	3533	11:00:29	XLON	00031574138TRLO0
8	3533	11:00:29	XLON	00031574137TRLO0
29	3539	10:50:23	XLON	00031573825TRLO0
46	3539	10:50:23	XLON	00031573824TRLO0
32	3539	10:50:23	XLON	00031573823TRLO0
72	3546	10:46:31	XLON	00031573691TRLO0
59	3546	10:46:31	XLON	00031573690TRLO0
52	3546	10:46:31	XLON	00031573689TRLO0
79	3546	10:46:31	XLON	00031573688TRLO0
40	3545	10:22:01	XLON	00031573027TRLO0
52	3545	10:22:01	XLON	00031573026TRLO0
13	3534	10:21:25	XLON	00031573015TRLO0
100	3534	10:21:25	XLON	00031573014TRLO0
80	3535	10:21:25	XLON	00031573013TRLO0
21	3526	10:02:45	XLON	00031572460TRLO0
88	3526	10:02:45	XLON	00031572459TRLO0
80	3527	10:02:45	XLON	00031572451TRLO0
49	3527	09:51:25	XLON	00031572112TRLO0
31	3527	09:51:25	XLON	00031572111TRLO0
42	3531	09:50:35	XLON	00031572056TRLO0
23	3531	09:50:35	XLON	00031572055TRLO0
26	3531	09:50:35	XLON	00031572054TRLO0
98	3531	09:50:35	XLON	00031572053TRLO0
59	3531	09:50:35	XLON	00031572052TRLO0
60	3524	09:36:58	XLON	00031571547TRLO0
40	3524	09:36:58	XLON	00031571546TRLO0
23	3525	09:36:58	XLON	00031571545TRLO0
57	3525	09:36:58	XLON	00031571544TRLO0
50	3517	09:24:50	XLON	00031571196TRLO0
100	3517	09:24:50	XLON	00031571195TRLO0
40	3517	09:24:50	XLON	00031571194TRLO0
85	3506	09:10:47	XLON	00031570885TRLO0
99	3506	09:10:47	XLON	00031570884TRLO0
86	3512	08:57:42	XLON	00031570553TRLO0
4	3527	08:53:11	XLON	00031570431TRLO0

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Group 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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