BGEO Group announces Transaction in Own Shares

Released : 19 May 2017 07:00

RNS Number : 6105F
Bgeo Group PLC
19 May 2017
 

            London, 19 May 2017

BGEO Group announces Transaction in Own Shares

 

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 18 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:

18 May 2017

 

 

Number of ordinary shares repurchased:

5,000

 

 

Highest price paid per ordinary share:

£36.62

 

 

Lowest price paid per ordinary share:

£36.22

Volume weighted average price paid per ordinary share:

£36.47

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 39,449,320 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:        

18 May 2017

 

Number of ordinary shares purchased:

Volume weighted average price (pence):

5,000

3647

 

 

Individual transactions:

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Platform

27

3631

13:28:54

XLON

134

3622

13:29:47

TRQX

2

3632

13:45:11

TRQX

83

3632

13:45:27

TRQX

115

3633

13:46:33

BATE

46

3632

13:50:59

TRQX

127

3637

14:00:08

TRQX

89

3637

14:05:03

TRQX

80

3638

14:09:06

CHIX

33

3638

14:09:06

CHIX

1

3640

14:18:58

TRQX

118

3640

14:18:58

TRQX

64

3638

14:24:48

TRQX

63

3638

14:24:48

TRQX

1

3635

14:30:50

TRQX

123

3635

14:30:50

TRQX

100

3637

14:30:50

XUBS

76

3645

14:41:01

TRQX

50

3645

14:41:01

TRQX

4

3645

14:41:01

TRQX

25

3643

14:43:08

TRQX

88

3643

14:43:08

TRQX

120

3641

14:45:16

TRQX

113

3638

14:51:56

TRQX

132

3642

15:04:31

CHIX

62

3641

15:04:32

XLON

58

3641

15:04:32

XLON

59

3640

15:04:35

XLON

63

3640

15:06:16

XLON

1

3640

15:06:16

XLON

38

3642

15:09:30

TRQX

83

3642

15:09:30

TRQX

74

3640

15:13:03

TRQX

36

3640

15:14:00

TRQX

135

3644.5

15:17:54

XUBS

134

3647

15:25:39

TRQX

69

3648

15:27:34

XUBS

57

3648.5

15:27:34

XUBS

100

3647

15:32:08

XUBS

121

3646

15:32:08

TRQX

89

3655

15:46:20

XUBS

29

3655

15:46:20

XLON

118

3655

15:47:34

CHIX

29

3657

15:49:02

XLON

106

3657

15:49:02

XLON

100

3657.5

15:50:44

XUBS

122

3655

15:54:03

TRQX

110

3659

16:02:14

TRQX

131

3660

16:03:14

TRQX

113

3660

16:06:41

CHIX

19

3660

16:06:41

CHIX

60

3659

16:07:29

CHIX

50

3659

16:07:29

CHIX

25

3659

16:07:29

CHIX

113

3662

16:10:05

XUBS

121

3660

16:15:30

CHIX

100

3659

16:16:08

BATE

11

3659

16:16:08

BATE

38

3659

16:16:08

XUBS

99

3659

16:16:08

XUBS

100

3656

16:19:52

BATE

110

3656

16:22:37

CHIX

115

3656

16:23:55

BATE

41

3657

16:25:54

XUBS

14

3657

16:25:54

XUBS

55

3657

16:25:54

XLON

9

3657

16:25:54

XLON

69

3657

16:29:34

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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