BGEO Group announces Transaction in Own Shares

Released : 15 Sep 2017 16:47

RNS Number : 9427Q
Bgeo Group PLC
15 September 2017
 

            London, 15 September 2017

 

BGEO Group announces Transaction in Own Shares

 

BGEO Group PLC (BGEO - LSE: BGEO LN) announces that today, 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:

15 September 2017



Number of ordinary shares repurchased:

10,000



Highest price paid per ordinary share:

£33.00



Lowest price paid per ordinary share:

£32.66

Volume weighted average price paid per ordinary share:

£32.86

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 39,384,712 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:        

15 September 2017



Number of ordinary shares purchased:

Volume weighted average price (pence):

10,000

3286



Individual transaction(s):

Number of shares
purchased

Transaction price
(per share)

Time of transaction

Platform

3669

3300

14:49:08

XLON

1071

3290

14:18:24

XLON

165

3288

12:49:14

XUBS

100

3287.5

12:32:36

XUBS

88

3287.5

13:00:14

XUBS

97

3287.5

13:08:00

XUBS

94

3287

12:53:30

XUBS

174

3287

13:21:07

XUBS

92

3287

13:22:56

XUBS

89

3287

13:28:28

XUBS

55

3285

12:49:14

CHIX

14

3285

12:49:14

XLON

14

3285

12:49:14

XLON

19

3283.5

13:49:17

XUBS

21

3282

13:48:08

TRQM

31

3282

13:48:08

TRQM

13

3282

13:48:08

TRQM

50

3282

13:48:08

CHID

50

3282

13:48:08

BATD

22

3282

13:48:08

TRQX

8

3282

13:48:08

XUBS

65

3282

13:48:08

TRQM

33

3280.5

13:34:51

XUBS

180

3280

13:42:23

CHIX

132

3280

13:42:23

CHIX

132

3280

13:42:23

CHIX

87

3280

13:42:23

CHID

150

3280

13:42:24

XUBS

102

3280

13:42:24

CHIX

86

3280

13:42:24

CHIX

45

3280

13:42:24

CHIX

86

3280

13:42:24

CHID

82

3279

13:34:51

CHIX

20

3279

13:42:17

XLON

102

3278

12:25:00

XUBS

17

3273.5

12:05:39

XUBS

69

3273.5

12:05:39

XUBS

56

3273

12:05:04

XLON

39

3273

12:05:04

XLON

47

3271

12:05:39

XLON

44

3271

12:05:39

XLON

20

3268

11:46:47

XUBS

906

3268

11:49:30

XLON

83

3268

11:51:14

CHIX

89

3268

12:02:16

XLON

6

3268

12:02:16

XLON

12

3268

12:02:16

XLON

1

3268

12:02:16

XLON

18

3267

11:36:42

XUBS

2

3267

11:36:42

XLON

91

3266

11:48:13

CHID

27

3266

11:49:14

TRQM

165

3265.5

11:37:24

XUBS

94

3265.5

11:42:06

XUBS

183

3265.5

11:46:52

CHIX

181

3265.5

11:46:52

CHIX

181

3265.5

11:46:52

CHIX

40

3265.5

11:46:52

CHIX

141

3265.5

11:46:52

CHIX

45

3265.5

11:46:52

CHID

53

3265.5

11:46:52

CHID

90

3265.5

11:46:52

CHID

62

3265.5

11:46:52

CHIX

 

Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, 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") and Teliani Valley ("Beverage Business" or "Teliani"). In addition, Aldagi, which is the Group's property and casualty insurance business, is expected to be transferred from the Banking Business to the Investment Business. 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

'Ba3/NP' (FC) & 'Ba2/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@bgeo.com

          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
 
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