Notice of Results

RNS Number : 2924E

Bgeo Group PLC

05 May 2017

 

London, 5 May 2017

BGEO Group PLC notice of 1Q 2017 Results

BGEO Group PLC ("BGEO" or the "Group") will publish its financial results for the 1^st quarter 2017 at 07:00 London time on Wednesday, 10 May 2017. The results announcement will be available on the Group's website at www.bgeo.com. An investor/analyst conference call, organized by BGEO, will be held on, 10 May 2017, at 14:00 UK / 15:00 CET / 09:00 U.S Eastern Time. The duration of the call will be 60 minutes and will consist of a 15-minute update and a 45-minute Q&A session.

Dial-in numbers: Pass code for replays/Conference ID: 19245138 International Dial-in: [phone] UK: 08444933800 US: 16315107498 Austria: 019286568 Belgium: 081700061 Czech Republic: 228880460 Denmark: 32727625 Finland: 0923195187 France: 0176742428 Germany: 06922224918 Hungary: 0618088303 Ireland: 014319648 Italy: 0236008146 Luxembourg: 20880695 Netherlands: 0207176886 Norway: 21563013 Spain: 914143669 Sweden: 0850336434 Switzerland: 0565800007

30-Day replay: Pass code for replays / Conference ID: 19245138 International Dial in: [phone] UK National Dial In: 08717000145 UK Local Dial In: 08443386600 USA Free Call Dial In: 1 [phone]

Name of authorised official of issuer responsible for making notification: Giorgi Alpaidze, Head of Finance, Funding and Investor Relations

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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