BGEO Group announces Transaction in Own Shares

RNS Number : 5039O

Bgeo Group PLC

21 August 2017

 

                London, 21 August 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO - LSE: BGEO LN) announces that on 18 August 2017, Numis Securities Limited purchased on behalf of 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 which commenced on 10 March 2017 (the Buyback Programme).

Date of purchase:	18 August 2017
Number of ordinary shares repurchased:	10,000
Highest price paid per ordinary share:	£34.62
Lowest price paid per ordinary share:	£33.75
Volume weighted average price paid per ordinary share:	£34.12

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 39,394,712 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 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 purchase(s) 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 purchase:	18 August 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	10,000 3412

Individual transaction(s):

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
1000	3428	10:11:48	XLON
167	3425	10:11:40	TRQX
167	3425	10:11:40	XLON
334	3425	10:11:40	CHIX
167	3425	10:11:40	BATE
1000	3435	10:11:15	XLON
75	3422	10:10:52	TRQX
48	3419	10:10:52	XLON
100	3418	10:10:52	XLON
46	3418	10:10:52	XLON
54	3417	10:10:52	TRQX
55	3416	10:10:52	XLON
75	3415	10:10:52	TRQX
25	3415	10:10:52	XLON
26	3414	10:10:52	XLON
24	3413	10:10:52	XLON
26	3412	10:10:52	XLON
60	3412	10:10:52	BATE
38	3423	10:10:52	CHIX
42	3422	10:10:52	CHIX
39	3421	10:10:52	CHIX
40	3420	10:10:52	CHIX
75	3418	10:10:52	CHIX
52	3408	10:10:52	CHIX
70	3408	10:10:52	CHIX
100	3440	10:09:59	XLON
51	3440	10:09:59	XLON
60	3440	10:09:59	BATE
49	3439	10:09:59	TRQX
154	3439	10:09:59	XLON
15	3439	10:09:59	XLON
51	3438	10:09:59	XLON
51	3439	10:09:59	BATE
64	3439	10:09:59	CHIX
56	3419	10:09:46	TRQX
62	3419	10:09:46	TRQX
26	3419	10:09:46	XLON
25	3418	10:09:46	XLON
26	3417	10:09:46	XLON
75	3416	10:09:46	TRQX
60	3418	10:09:46	BATE
70	3413	10:09:46	CHIX
33	3420	10:09:46	XLON
167	3420	10:09:46	XLON
75	3418	10:08:45	TRQX
60	3413	10:08:45	BATE
14	3420	10:08:45	CHIX
24	3419	10:08:45	XLON
53	3419	10:08:45	XLON
23	3418	10:08:45	XLON
45	3418	10:08:45	XLON
100	3417	10:08:45	XLON
26	3417	10:08:45	XLON
53	3417	10:08:45	XLON
25	3416	10:08:45	XLON
55	3416	10:08:45	XLON
65	3420	10:08:45	TRQX
7	3420	10:08:45	TRQX
7	3420	10:08:45	XLON
14	3420	10:08:45	CHIX
7	3420	10:08:45	BATE
54	3409	10:07:37	TRQX
60	3410	10:07:37	BATE
94	3407	10:07:37	BATE
100	3410	10:07:37	XLON
57	3410	10:07:37	XLON
25	3410	10:07:37	XLON
57	3409	10:07:37	XLON
25	3409	10:07:37	XLON
56	3408	10:07:37	XLON
24	3408	10:07:37	XLON
54	3399	10:06:47	TRQX
26	3400	10:06:47	XLON
100	3400	10:06:47	BATE
60	3400	10:06:47	BATE
40	3390	10:06:10	XLON
35	3389	10:06:10	XLON
169	3387	10:06:10	TRQX
60	3390	10:06:10	XLON
140	3390	10:06:10	XLON
21	3390	10:06:10	XLON
140	3390	10:06:10	XLON
70	3390	10:06:10	XLON
129	3390	10:06:10	XLON
100	3390	10:06:10	XLON
116	3390	10:06:10	XLON
24	3390	10:06:10	XLON
40	3390	10:06:10	XLON
40	3390	10:06:10	XLON
56	3390	10:06:10	XLON
56	3390	10:06:10	XLON
14	3390	10:06:10	XLON
1	3390	10:06:10	XLON
139	3390	10:06:10	XLON
28	3390	10:06:10	XLON
70	3390	10:06:10	XLON
116	3390	10:06:10	XLON
9	3390	10:06:10	XLON
118	3390	10:06:10	XLON
200	3390	10:06:10	XLON
8	3390	10:06:10	XLON
9	3378	10:04:42	XLON
13	3378	10:04:42	XLON
48	3378	10:04:42	XLON
13	3378	10:02:51	XLON
24	3378	10:02:51	TRQX
100	3378	09:55:32	TRQX
8	3378	09:55:32	TRQX
32	3398	09:32:32	CHIX
72	3398	09:32:32	CHIX
109	3398	09:32:32	XLON
114	3396	09:32:32	CHIX
10	3398	09:14:01	BATE
97	3398	09:14:01	BATE
12	3397	09:14:01	XLON
84	3397	09:14:01	XLON
51	3395	08:57:46	XLON
61	3395	08:57:46	XLON
104	3398	08:57:41	XLON
100	3398	08:46:32	XLON
1	3398	08:46:32	XLON
100	3399	08:40:13	XUBS
115	3383	08:39:15	TRQX
112	3379	08:15:17	TRQX
100	3379	08:15:17	XUBS
104	3375	08:05:31	TRQX
1	3462	08:00:05	XLON
4	3462	08:00:05	XLON
5	3462	08:00:05	XLON
5	3462	08:00:05	XLON
8	3462	08:00:05	XLON

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"- LSE: BGEO LN) is a UK incorporated holding company of a Georgia-focused investment platform. BGEO invests, via its subsidiaries, in the banking and non-banking sectors in Georgia (BGEO and its subsidiaries, together the "Group"). BGEO aims to deliver on a 4x20 strategy: (1) at least 20% ROAE from its Banking Business; (2) at least 20% growth of its Banking Business retail loan book; (3) at least 20% IRR; and (4) up to 20% of the Group's profit from its Investment Business. On 3 July 2017 BGEO announced its intention to demerge BGEO Group PLC into a London-listed banking business (the "Banking Business") and a London-listed investment business (the "Investment Business") by the end of the first half of 2018. 

Banking Business: Currently representing at least 80% of the Group's profit, will comprise: a) retail banking and payment services, b) corporate investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("BOG" or the "Bank") is the core entity of the Group's Banking Business. The Banking Business will continue to target to benefit from the underpenetrated banking sector in Georgia primarily through its retail banking services.  

Investment Business: Currently representing up to 20% of the Group's profit, will comprise the Group's stakes in Georgia Healthcare Group PLC ("Healthcare Business" or "GHG") - an LSE (London Stock Exchange PLC) premium-listed company, Georgia Global Utilities ("Utility and Energy Business" or "GGU"), m2 Real Estate ("Real Estate Business" or "m2"), Teliani Valley ("Beverage Business" or "Teliani") and Aldagi ("Property and Casualty Insurance Business" or Aldagi). Georgia's fast-growing economy provides opportunities in a number of underdeveloped local markets and the Investment Business will target 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]
[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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