Bgeo Group PLC Dividend Currency Conversion Rate (1122J)
26 June 2017 - 4:22PM
UK Regulatory
TIDMBGEO
RNS Number : 1122J
Bgeo Group PLC
26 June 2017
London, 26 June 2017
Dividend Currency Conversion Rate
On 1 June 2017, the shareholders of BGEO Group PLC (the
"Company") (LSE: BGEO LN) approved the declaration of a final
dividend of Georgian Lari 2.6 per ordinary share in respect of the
year ended 31 December 2016, payable to ordinary shareholders of
the Company in British Pounds Sterling pursuant to the following
timetable:
Ex-Dividend Date: 22 June 2017
Record Date: 23 June 2017
Currency Conversion Date: 26 June 2017
Payment Date: 7 July 2017
The Company hereby confirms that the National Bank of Georgia
Georgian Lari/British Pounds Sterling exchange rate as of 26 June
2017 is 3.069 and shall be used to pay dividends to ordinary
shareholders of the Company on 7 July 2017.
Those shareholders who have not provided their appropriate bank
account details to Computershare Investor Services PLC for payment
of the dividend will be paid the dividend by cheque in British
Pounds Sterling.
Name of authorised official of issuer responsible for making
notification:
Kate Bennett Rea
on behalf of Sirius Compliance Solutions Ltd
Group 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 Bank of Georgia has, as
of the date hereof, the of the date hereof, the
following credit ratings: following credit ratings:
Fitch Ratings 'BB-/B' Fitch Ratings 'BB-/B'
Moody's B1/NP (FC) Moody's 'B1/NP' (FC)
& B1/NP (LC) & 'Ba3/NP'
(LC)
For further information, please visit www.bgeo.com or
contact:
Irakli Gilauri Michael Oliver Giorgi Alpaidze
Group CEO Adviser to the Head of Investor
CEO Relations
+995 322 444
+995 322 444 109 +44 203 178 4034 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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