BGEO Group announces Transaction in Own Shares

RNS Number : 9895E

Bgeo Group PLC

12 May 2017

 

            London, 12 May 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 11 May 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:	11 May 2017
Number of ordinary shares repurchased:	5,000
Highest price paid per ordinary share:	£36.51
Lowest price paid per ordinary share:	£35.88
Volume weighted average price paid per ordinary share:	£36.12

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 39,454,320 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:	11 May 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	5,000 3612

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
87	3651	10:19:00	XLON
47	3651	10:19:00	XLON
233	3650.5	10:03:08	XUBS
100	3644.5	09:07:19	XUBS
92	3642.5	09:05:41	XUBS
64	3641.5	10:41:47	XUBS
71	3640	10:53:00	BATE
50	3640	10:53:00	BATE
7	3640	10:53:00	BATE
69	3635	09:27:21	XUBS
137	3635	12:08:27	TRQX
28	3634	11:31:35	CHIX
26	3632.5	11:08:53	XUBS
18	3631	11:20:18	XLON
50	3631	11:20:18	XLON
49	3631	11:20:18	XLON
135	3631	11:39:37	TRQX
28	3628	08:51:01	CHIX
84	3627	11:55:01	XUBS
114	3624	12:39:16	CHIX
132	3614	12:47:20	CHIX
115	3614	13:08:27	BATE
127	3612	14:03:51	CHIX
38	3612	14:08:19	CHIX
88	3612	14:08:19	CHIX
70	3609	14:25:34	XLON
73	3609	14:25:34	TRQX
100	3608	13:58:24	CHIX
13	3608	13:58:24	CHIX
138	3606	13:19:10	TRQX
1	3606	13:59:11	TRQX
7	3606	14:30:09	XLON
35	3606	14:30:09	XLON
82	3606	14:30:09	XLON
88	3606	14:35:55	TRQX
32	3606	14:35:55	TRQX
28	3606	14:46:52	CHIX
102	3606	14:46:52	CHIX
37	3605	13:30:59	XUBS
37	3602	13:40:58	XUBS
14	3602	14:55:38	XLON
120	3602	14:55:38	XLON
27	3600	13:42:10	TRQX
105	3599	15:51:57	TRQX
24	3599	15:51:57	TRQX
22	3597.5	15:54:37	XUBS
25	3597	16:11:55	CHIX
50	3597	16:11:55	CHIX
37	3597	16:11:55	CHIX
90	3596	15:31:56	TRQX
27	3596	15:31:56	TRQX
128	3596	15:40:10	TRQX
100	3596	15:43:56	TRQX
29	3596	15:43:56	TRQX
63	3596	15:58:00	TRQX
54	3596	15:58:00	TRQX
119	3596	16:06:55	BATE
103	3596	16:14:36	XUBS
22	3596	16:19:04	TRQX
91	3596	16:19:04	TRQX
100	3595.5	16:00:51	XUBS
49	3595.5	16:21:04	XUBS
71	3595	16:24:39	CHIX
130	3594	15:16:37	TRQX
42	3593	15:23:50	XLON
88	3593	15:23:50	XLON
112	3593	16:21:05	TRQX
127	3591	15:11:24	BATE
34	3589	16:29:35	XUBS
36	3589	16:29:35	XLON
1	3588	15:01:29	CHIX
128	3588	15:01:29	CHIX

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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