BGEO Group announces Transaction in Own Shares

Released : 22 Mar 2017 17:42

RNS Number : 2541A
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) today announces, that 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:

22 March 2017



Number of ordinary shares repurchased:

7,000



Highest price paid per ordinary share:

£30.65



Lowest price paid per ordinary share:

£30.12

Volume weighted average price paid per ordinary share:

£30.41

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 39,469,320 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:        

22 March 2017

 

Number of ordinary shares purchased:

Volume weighted average price (pence):

7,000

3041



Individual transactions:

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Platform

69

3065

15:23:35

XLON

89

3060

15:48:29

XLON

18

3060

15:48:29

XLON

106

3059

16:07:05

XLON

64

3058

15:39:12

TRQX

42

3058

15:39:12

TRQX

79

3058

15:51:22

XLON

29

3058

15:51:22

XLON

107

3058

15:54:01

XLON

126

3058

16:12:32

XLON

50

3057

15:30:52

TRQX

41

3057

15:30:52

TRQX

43

3057

15:30:52

TRQX

66

3057

15:32:32

XLON

40

3057

15:32:32

XLON

19

3057

16:09:01

XLON

22

3057

16:09:01

XLON

34

3057

16:09:01

XLON

73

3057

16:09:01

XLON

108

3057

16:14:12

BATE

143

3056

15:30:04

XLON

108

3056

15:35:52

TRQX

107

3056

16:01:05

XLON

32

3056

16:14:00

XLON

74

3056

16:14:00

XLON

27

3055

15:19:25

XLON

79

3055

15:19:25

XLON

100

3055

16:21:47

XLON

16

3055

16:21:47

XLON

74

3053

16:26:00

XLON

4

3053

16:26:00

XLON

6

3052

16:17:58

CHIX

40

3052

16:17:58

CHIX

50

3052

16:17:58

CHIX

20

3052

16:17:58

CHIX

91

3047

15:09:39

XLON

15

3047

15:09:39

XLON

34

3045.75

13:23:25

JPMX

44

3045

13:23:05

XLON

1

3045

13:23:05

XLON

68

3045

13:23:05

XLON

71

3044.5

12:52:28

JPMX

110

3044

12:59:05

CHIX

107

3044

13:47:54

XLON

60

3043.75

12:52:03

JPMX

40

3043

12:15:57

TRQX

44

3043

13:20:52

XLON

45

3043

13:50:09

XLON

61

3043

13:50:09

XLON

75

3043

14:02:32

XLON

32

3043

14:02:32

XLON

13

3043

14:09:58

XLON

45

3043

14:09:58

XLON

36

3043

15:06:02

XLON

70

3043

15:06:02

XLON

51

3042.75

12:16:02

JPMX

107

3042

12:33:29

JPMX

44

3042

12:52:01

TRQX

62

3042

13:37:32

XLON

112

3042

14:11:12

CHIX

109

3042

15:01:47

XLON

50

3041

13:14:59

XLON

25

3041

13:14:59

XLON

31

3041

13:14:59

XLON

7

3041

13:14:59

XLON

112

3041

13:54:04

XLON

117

3041

14:37:32

XLON

1

3040

14:23:15

XLON

106

3040

14:23:15

XLON

100

3040

14:27:17

XLON

7

3040

14:27:17

XLON

106

3039

12:36:43

XLON

52

3039

13:31:15

XLON

62

3039

13:31:15

XLON

89

3037

12:09:30

XLON

106

3037

14:30:04

TRQX

86

3037

14:56:56

XLON

30

3037

14:56:56

XLON

77

3036

12:44:34

BATE

34

3036

12:44:34

BATE

112

3036

13:06:27

XLON

107

3036

14:43:03

XLON

6

3036

14:45:12

XLON

110

3036

14:45:12

XLON

58

3035.5

11:09:58

JPMX

72

3033

11:26:15

TRQX

17

3033

11:34:03

TRQX

21

3033

11:35:41

TRQX

106

3033

12:04:00

CHIX

29

3033

14:51:20

XLON

79

3033

14:51:20

XLON

107

3032

11:09:44

XLON

113

3031

11:41:49

JPMX

29

3029

11:38:29

XLON

99

3029

11:38:29

XLON

47

3028

11:47:32

XLON

38

3028

11:47:32

XLON

27

3028

11:47:32

XLON

22

3026

11:57:32

XLON

72

3025.75

10:59:30

JPMX

106

3024

10:59:17

JPMX

106

3020

10:37:48

JPMX

18

3017

10:43:08

CHIX

97

3017

10:43:08

CHIX

111

3016

10:49:57

XLON

106

3015

10:25:52

JPMX

15

3014

10:22:27

XLON

98

3014

10:25:52

XLON

33

3012

10:06:42

XLON

79

3012

10:06:42

XLON

109

3012

10:09:15

XLON

1

3012

10:09:15

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
 
END
 
 
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