BGEO Group announces Transaction in Own Shares

Released : 12 May 2017 09:54

RNS Number : 9895E
Bgeo Group PLC
12 May 2017
 

            London, 12 May 2017

 

BGEO Group announces Transaction in Own Shares

 

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 11 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:

11 May 2017



Number of ordinary shares repurchased:

5,000



Highest price paid per ordinary share:

£36.51



Lowest price paid per ordinary share:

£35.88

Volume weighted average price paid per ordinary share:

£36.12

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 39,454,320 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:        

11 May 2017

 

Number of ordinary shares purchased:

Volume weighted average price (pence):

5,000

3612



Individual transactions:

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Platform

87

3651

10:19:00

XLON

47

3651

10:19:00

XLON

233

3650.5

10:03:08

XUBS

100

3644.5

09:07:19

XUBS

92

3642.5

09:05:41

XUBS

64

3641.5

10:41:47

XUBS

71

3640

10:53:00

BATE

50

3640

10:53:00

BATE

7

3640

10:53:00

BATE

69

3635

09:27:21

XUBS

137

3635

12:08:27

TRQX

28

3634

11:31:35

CHIX

26

3632.5

11:08:53

XUBS

18

3631

11:20:18

XLON

50

3631

11:20:18

XLON

49

3631

11:20:18

XLON

135

3631

11:39:37

TRQX

28

3628

08:51:01

CHIX

84

3627

11:55:01

XUBS

114

3624

12:39:16

CHIX

132

3614

12:47:20

CHIX

115

3614

13:08:27

BATE

127

3612

14:03:51

CHIX

38

3612

14:08:19

CHIX

88

3612

14:08:19

CHIX

70

3609

14:25:34

XLON

73

3609

14:25:34

TRQX

100

3608

13:58:24

CHIX

13

3608

13:58:24

CHIX

138

3606

13:19:10

TRQX

1

3606

13:59:11

TRQX

7

3606

14:30:09

XLON

35

3606

14:30:09

XLON

82

3606

14:30:09

XLON

88

3606

14:35:55

TRQX

32

3606

14:35:55

TRQX

28

3606

14:46:52

CHIX

102

3606

14:46:52

CHIX

37

3605

13:30:59

XUBS

37

3602

13:40:58

XUBS

14

3602

14:55:38

XLON

120

3602

14:55:38

XLON

27

3600

13:42:10

TRQX

105

3599

15:51:57

TRQX

24

3599

15:51:57

TRQX

22

3597.5

15:54:37

XUBS

25

3597

16:11:55

CHIX

50

3597

16:11:55

CHIX

37

3597

16:11:55

CHIX

90

3596

15:31:56

TRQX

27

3596

15:31:56

TRQX

128

3596

15:40:10

TRQX

100

3596

15:43:56

TRQX

29

3596

15:43:56

TRQX

63

3596

15:58:00

TRQX

54

3596

15:58:00

TRQX

119

3596

16:06:55

BATE

103

3596

16:14:36

XUBS

22

3596

16:19:04

TRQX

91

3596

16:19:04

TRQX

100

3595.5

16:00:51

XUBS

49

3595.5

16:21:04

XUBS

71

3595

16:24:39

CHIX

130

3594

15:16:37

TRQX

42

3593

15:23:50

XLON

88

3593

15:23:50

XLON

112

3593

16:21:05

TRQX

127

3591

15:11:24

BATE

34

3589

16:29:35

XUBS

36

3589

16:29:35

XLON

1

3588

15:01:29

CHIX

128

3588

15:01:29

CHIX

 

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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