BGEO Group announces Transaction in Own Shares

Released : 21 Aug 2017 07:14

RNS Number : 5039O
Bgeo Group PLC
21 August 2017
 

                London, 21 August 2017

 

BGEO Group announces Transaction in Own Shares

 

BGEO Group PLC (BGEO - LSE: BGEO LN) announces that on 18 August 2017, Numis Securities Limited purchased on behalf of 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 which commenced on 10 March 2017 (the Buyback Programme).

 

Date of purchase:

18 August 2017

 

 

Number of ordinary shares repurchased:

10,000

 

 

Highest price paid per ordinary share:

£34.62

 

 

Lowest price paid per ordinary share:

£33.75

Volume weighted average price paid per ordinary share:

£34.12

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 39,394,712 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 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 purchase(s) 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 purchase:        

18 August 2017

 

 

Number of ordinary shares purchased:

Volume weighted average price (pence):

10,000

3412

 

 

Individual transaction(s):

 

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Platform

1000

3428

10:11:48

XLON

167

3425

10:11:40

TRQX

167

3425

10:11:40

XLON

334

3425

10:11:40

CHIX

167

3425

10:11:40

BATE

1000

3435

10:11:15

XLON

75

3422

10:10:52

TRQX

48

3419

10:10:52

XLON

100

3418

10:10:52

XLON

46

3418

10:10:52

XLON

54

3417

10:10:52

TRQX

55

3416

10:10:52

XLON

75

3415

10:10:52

TRQX

25

3415

10:10:52

XLON

26

3414

10:10:52

XLON

24

3413

10:10:52

XLON

26

3412

10:10:52

XLON

60

3412

10:10:52

BATE

38

3423

10:10:52

CHIX

42

3422

10:10:52

CHIX

39

3421

10:10:52

CHIX

40

3420

10:10:52

CHIX

75

3418

10:10:52

CHIX

52

3408

10:10:52

CHIX

70

3408

10:10:52

CHIX

100

3440

10:09:59

XLON

51

3440

10:09:59

XLON

60

3440

10:09:59

BATE

49

3439

10:09:59

TRQX

154

3439

10:09:59

XLON

15

3439

10:09:59

XLON

51

3438

10:09:59

XLON

51

3439

10:09:59

BATE

64

3439

10:09:59

CHIX

56

3419

10:09:46

TRQX

62

3419

10:09:46

TRQX

26

3419

10:09:46

XLON

25

3418

10:09:46

XLON

26

3417

10:09:46

XLON

75

3416

10:09:46

TRQX

60

3418

10:09:46

BATE

70

3413

10:09:46

CHIX

33

3420

10:09:46

XLON

167

3420

10:09:46

XLON

75

3418

10:08:45

TRQX

60

3413

10:08:45

BATE

14

3420

10:08:45

CHIX

24

3419

10:08:45

XLON

53

3419

10:08:45

XLON

23

3418

10:08:45

XLON

45

3418

10:08:45

XLON

100

3417

10:08:45

XLON

26

3417

10:08:45

XLON

53

3417

10:08:45

XLON

25

3416

10:08:45

XLON

55

3416

10:08:45

XLON

65

3420

10:08:45

TRQX

7

3420

10:08:45

TRQX

7

3420

10:08:45

XLON

14

3420

10:08:45

CHIX

7

3420

10:08:45

BATE

54

3409

10:07:37

TRQX

60

3410

10:07:37

BATE

94

3407

10:07:37

BATE

100

3410

10:07:37

XLON

57

3410

10:07:37

XLON

25

3410

10:07:37

XLON

57

3409

10:07:37

XLON

25

3409

10:07:37

XLON

56

3408

10:07:37

XLON

24

3408

10:07:37

XLON

54

3399

10:06:47

TRQX

26

3400

10:06:47

XLON

100

3400

10:06:47

BATE

60

3400

10:06:47

BATE

40

3390

10:06:10

XLON

35

3389

10:06:10

XLON

169

3387

10:06:10

TRQX

60

3390

10:06:10

XLON

140

3390

10:06:10

XLON

21

3390

10:06:10

XLON

140

3390

10:06:10

XLON

70

3390

10:06:10

XLON

129

3390

10:06:10

XLON

100

3390

10:06:10

XLON

116

3390

10:06:10

XLON

24

3390

10:06:10

XLON

40

3390

10:06:10

XLON

40

3390

10:06:10

XLON

56

3390

10:06:10

XLON

56

3390

10:06:10

XLON

14

3390

10:06:10

XLON

1

3390

10:06:10

XLON

139

3390

10:06:10

XLON

28

3390

10:06:10

XLON

70

3390

10:06:10

XLON

116

3390

10:06:10

XLON

9

3390

10:06:10

XLON

118

3390

10:06:10

XLON

200

3390

10:06:10

XLON

8

3390

10:06:10

XLON

9

3378

10:04:42

XLON

13

3378

10:04:42

XLON

48

3378

10:04:42

XLON

13

3378

10:02:51

XLON

24

3378

10:02:51

TRQX

100

3378

09:55:32

TRQX

8

3378

09:55:32

TRQX

32

3398

09:32:32

CHIX

72

3398

09:32:32

CHIX

109

3398

09:32:32

XLON

114

3396

09:32:32

CHIX

10

3398

09:14:01

BATE

97

3398

09:14:01

BATE

12

3397

09:14:01

XLON

84

3397

09:14:01

XLON

51

3395

08:57:46

XLON

61

3395

08:57:46

XLON

104

3398

08:57:41

XLON

100

3398

08:46:32

XLON

1

3398

08:46:32

XLON

100

3399

08:40:13

XUBS

115

3383

08:39:15

TRQX

112

3379

08:15:17

TRQX

100

3379

08:15:17

XUBS

104

3375

08:05:31

TRQX

1

3462

08:00:05

XLON

4

3462

08:00:05

XLON

5

3462

08:00:05

XLON

5

3462

08:00:05

XLON

8

3462

08:00:05

XLON

 

 

 

Name of authorised official of issuer responsible for making notification: Kate Bennett Rea, Group Company Secretary 

 

 

 

 

About BGEO Group PLC

The Group: BGEO Group PLC ("BGEO"- LSE: BGEO LN) is a UK incorporated holding company of a Georgia-focused investment platform. BGEO invests, via its subsidiaries, in the banking and non-banking sectors in Georgia (BGEO and its subsidiaries, together the "Group"). BGEO aims to deliver on a 4x20 strategy: (1) at least 20% ROAE from its Banking Business; (2) at least 20% growth of its Banking Business retail loan book; (3) at least 20% IRR; and (4) up to 20% of the Group's profit from its Investment Business. On 3 July 2017 BGEO announced its intention to demerge BGEO Group PLC into a London-listed banking business (the "Banking Business") and a London-listed investment business (the "Investment Business") by the end of the first half of 2018. 

Banking Business: Currently representing at least 80% of the Group's profit, will comprise: a) retail banking and payment services, b) corporate investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("BOG" or the "Bank") is the core entity of the Group's Banking Business. The Banking Business will continue to target to benefit from the underpenetrated banking sector in Georgia primarily through its retail banking services.  

Investment Business: Currently representing up to 20% of the Group's profit, will comprise the Group's stakes in Georgia Healthcare Group PLC ("Healthcare Business" or "GHG") - an LSE (London Stock Exchange PLC) premium-listed company, Georgia Global Utilities ("Utility and Energy Business" or "GGU"), m2 Real Estate ("Real Estate Business" or "m2"), Teliani Valley ("Beverage Business" or "Teliani") and Aldagi ("Property and Casualty Insurance Business" or Aldagi). Georgia's fast-growing economy provides opportunities in a number of underdeveloped local markets and the Investment Business will target 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

         +995 322 444 190

igilauri@bog.ge

          moliver@bgeo.com

          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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