Director/PDMR Shareholding

RNS Number : 6356W

Bgeo Group PLC

15 November 2017

 

London, 15 November 2017

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

 The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name			Nikoloz Gamkrelidze
2.	Reason for the notification
a)	Position / status			PDMR - CEO of subsidiary Georgia Healthcare Group PLC
b)	Initial notification / amendment			Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BGEO GROUP PLC
b)	LEI:	2138003B6YI9N5H99688
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification Code		ordinary shares of £0.01 each in BGEO Group PLC GB00B759CR16
b)	Nature of the transaction		Disposal of ordinary shares
c)	Price(s) and volume(s)		Date Price(s) Volume(s) 13 November 2017 £35.33 2,500 14 November 2017 £34.41 1,500 15 November 2017 £33.48 1,000
d)	Aggregated information -      Aggregated volume -      Aggregated price		13 November 2017, 2,500 shares were sold at a price per share of £35.3338 Total price: £88,334.50 On 14 November 2017, 1,500 shares were sold at a price per share of £34.4142 Total price: £51,621.30 On 15 November 2017, 1,000 shares were sold at a price per share of £33.4800 Total price: £33,480.00
e)	Dates of the transaction		13 November 2017 14 November 2017 15 November 2017
f)	Place of the transaction		London Stock Exchange (XLON)

Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, 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	'Ba3/NP' (FC) & 'Ba2/NP' (LC)

For further information, please visit www.bgeo.com or contact: 

Irakli Gilauri	Michael Oliver	Giorgi Alpaidze
Group CEO	Adviser to the CEO	Group CFO
[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

 

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