Bgeo Group PLC BGEO Group announces Transaction in Own Shares (9427Q)
16 September 2017 - 1:47AM
UK Regulatory
TIDMBGEO
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 GBP0.01 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: GBP33.00
Lowest price paid per ordinary share: GBP32.66
Volume weighted average price paid per ordinary share: GBP32.86
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: 10,000
Volume weighted average
price (pence): 3286
Individual transaction(s):
Number Transaction Time of transaction Platform
of shares price
purchased (per share)
----------- ------------- -------------------- ---------
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 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 'Ba3/NP' (FC)
& B1/NP (LC) & 'Ba2/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 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
END
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