BGEO Group announces Transaction in Own Shares

RNS Number : 6105F

Bgeo Group PLC

19 May 2017

 

            London, 19 May 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 18 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:	18 May 2017
Number of ordinary shares repurchased:	5,000
Highest price paid per ordinary share:	£36.62
Lowest price paid per ordinary share:	£36.22
Volume weighted average price paid per ordinary share:	£36.47

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 39,449,320 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:	18 May 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	5,000 3647

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
27	3631	13:28:54	XLON
134	3622	13:29:47	TRQX
2	3632	13:45:11	TRQX
83	3632	13:45:27	TRQX
115	3633	13:46:33	BATE
46	3632	13:50:59	TRQX
127	3637	14:00:08	TRQX
89	3637	14:05:03	TRQX
80	3638	14:09:06	CHIX
33	3638	14:09:06	CHIX
1	3640	14:18:58	TRQX
118	3640	14:18:58	TRQX
64	3638	14:24:48	TRQX
63	3638	14:24:48	TRQX
1	3635	14:30:50	TRQX
123	3635	14:30:50	TRQX
100	3637	14:30:50	XUBS
76	3645	14:41:01	TRQX
50	3645	14:41:01	TRQX
4	3645	14:41:01	TRQX
25	3643	14:43:08	TRQX
88	3643	14:43:08	TRQX
120	3641	14:45:16	TRQX
113	3638	14:51:56	TRQX
132	3642	15:04:31	CHIX
62	3641	15:04:32	XLON
58	3641	15:04:32	XLON
59	3640	15:04:35	XLON
63	3640	15:06:16	XLON
1	3640	15:06:16	XLON
38	3642	15:09:30	TRQX
83	3642	15:09:30	TRQX
74	3640	15:13:03	TRQX
36	3640	15:14:00	TRQX
135	3644.5	15:17:54	XUBS
134	3647	15:25:39	TRQX
69	3648	15:27:34	XUBS
57	3648.5	15:27:34	XUBS
100	3647	15:32:08	XUBS
121	3646	15:32:08	TRQX
89	3655	15:46:20	XUBS
29	3655	15:46:20	XLON
118	3655	15:47:34	CHIX
29	3657	15:49:02	XLON
106	3657	15:49:02	XLON
100	3657.5	15:50:44	XUBS
122	3655	15:54:03	TRQX
110	3659	16:02:14	TRQX
131	3660	16:03:14	TRQX
113	3660	16:06:41	CHIX
19	3660	16:06:41	CHIX
60	3659	16:07:29	CHIX
50	3659	16:07:29	CHIX
25	3659	16:07:29	CHIX
113	3662	16:10:05	XUBS
121	3660	16:15:30	CHIX
100	3659	16:16:08	BATE
11	3659	16:16:08	BATE
38	3659	16:16:08	XUBS
99	3659	16:16:08	XUBS
100	3656	16:19:52	BATE
110	3656	16:22:37	CHIX
115	3656	16:23:55	BATE
41	3657	16:25:54	XUBS
14	3657	16:25:54	XUBS
55	3657	16:25:54	XLON
9	3657	16:25:54	XLON
69	3657	16:29:34	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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