BGEO Group announces Transaction in Own Shares

Released : 22 Mar 2017 10:14

RNS Number : 1964A
Bgeo Group PLC
22 March 2017
 

            London, 22 March 2017

 

BGEO Group announces Transaction in Own Shares

 

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 21 March 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:

21 March 2017



Number of ordinary shares repurchased:

7,000



Highest price paid per ordinary share:

£30.71



Lowest price paid per ordinary share:

£30.33

Volume weighted average price paid per ordinary share:

£30.55

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 39,476,320 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:        

21 March 2017

 

Number of ordinary shares purchased:

Volume weighted average price (pence):

7,000

3055



Individual transactions:

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Platform

75

3071

15:59:15

XLON

56

3071

15:59:15

XLON

69

3070

15:59:15

XLON

100

3070

16:01:01

XLON

39

3070

16:01:01

XLON

36

3069

15:59:02

CHIX

84

3069

15:59:02

CHIX

53

3069

15:59:15

XLON

41

3069

16:00:09

XLON

128

3069

16:00:09

XLON

59

3069

16:00:09

XUBS

40

3069

16:00:09

XLON

18

3069

16:00:09

XLON

53

3068

16:00:09

XLON

163

3068

16:00:27

XUBS

96

3068

16:00:27

XUBS

27

3068

16:00:27

XLON

42

3068

16:00:27

XLON

139

3067

15:58:54

XLON

100

3067

16:00:27

XLON

53

3067

16:00:27

XLON

56

3067

16:00:27

XLON

56

3067

16:00:27

XLON

5

3067

16:01:01

XLON

26

3067

16:01:01

XLON

29

3067

16:01:01

XLON

60

3067

16:01:01

XLON

9

3067

16:01:01

XLON

129

3067

16:01:01

XLON

41

3067

16:01:01

XLON

99

3067

16:01:01

XLON

100

3066

15:59:36

BATE

15

3066

15:59:36

XLON

135

3065

16:00:27

TRQX

39

3065

16:00:27

XLON

70

3065

16:00:27

XLON

100

3064

16:00:27

XLON

40

3064

16:00:27

XLON

40

3063

16:00:27

XLON

61

3063

16:00:27

XLON

52

3062

15:58:21

XLON

53

3062

15:58:21

XLON

133

3062

16:00:27

TRQX

59

3061

15:58:21

XLON

61

3061

15:58:21

XLON

100

3061

15:58:21

XLON

116

3060

15:58:15

TRQX

36

3060

15:58:15

XLON

53

3060

15:58:21

XLON

100

3059

15:57:07

XLON

53

3059

15:58:15

XLON

40

3059

15:58:15

XLON

70

3057

15:55:49

XLON

100

3057

15:56:00

XLON

27

3057

15:56:00

XLON

122

3053

15:55:06

XLON

76

3052

15:48:12

XUBS

50

3052

15:48:12

XUBS

53

3052

15:54:50

XLON

132

3050

15:48:08

XUBS

100

3050

15:52:47

XLON

57

3049

15:53:30

XLON

61

3049

15:53:30

XLON

74

3048

15:48:20

XUBS

72

3048

15:48:20

XUBS

45

3048

15:48:48

XLON

53

3048

15:48:48

XLON

42

3048

15:54:36

XLON

31

3048

15:54:36

XLON

21

3047

15:48:20

XLON

53

3047

15:48:48

XLON

113

3047

15:51:44

TRQX

100

3047

15:54:36

XLON

25

3047

15:54:36

XLON

12

3046

15:48:59

XLON

60

3046

15:54:36

XLON

100

3046

15:54:36

TRQX

153

3045

15:47:55

XLON

100

3045

15:48:59

CHIX

188

3045

15:48:59

CHIX

68

3044

15:47:55

XLON

44

3044

15:47:55

XLON

53

3044

15:47:55

XLON

42

3044

15:49:33

CHIX

86

3044

15:49:33

CHIX

100

3042

15:47:55

XLON

123

3037

15:42:30

XUBS

113

3037

15:45:27

XLON

115

3036

15:42:30

XLON

48

3036

15:45:27

XUBS

94

3036

15:45:27

XLON

210

3036

15:45:27

XUBS

65

3035

15:44:23

TRQX

47

3035

15:44:23

TRQX

27

3033

15:38:27

XUBS

87

3033

15:38:27

XUBS

51

3033

15:38:27

CHIX

100

3033

15:38:27

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

+995 322 444 109

          +44 203 178 4034

         +995 322 444 444 (ext. 3979)

igilauri@bog.ge

          moliver@bog.ge

          g.alpaidze@bog.ge

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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