BGEO Group announces Transaction in Own Shares

            London, 7 June 2017

BGEO Group announces Transaction in Own Shares

 

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 6 June 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 which commenced on 10 March 2017 (the Buyback Programme).

 

Date of purchase:	6 June 2017
Number of ordinary shares repurchased:	10,000
Highest price paid per ordinary share:	£36.20
Lowest price paid per ordinary share:	£35.70
Volume weighted average price paid per ordinary share:	£35.97

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 39,439,320 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:	6 June 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	10,000 3597

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
22	3579	16:29:32	XUBS
40	3579	16:29:32	XUBS
116	3570	16:26:25	TRQX
108	3576.5	16:24:31	XUBS
20	3576	16:23:16	TRQX
95	3576	16:23:16	TRQX
67	3578	16:21:37	CHIX
11	3578	16:21:37	CHIX
25	3578	16:21:37	CHIX
62	3578	16:20:29	TRQX
65	3579	16:20:20	XLON
41	3579	16:20:20	XUBS
16	3578	16:20:20	TRQX
62	3578	16:20:20	TRQX
14	3577	16:19:19	CHIX
24	3577	16:19:14	CHIX
46	3576	16:18:23	XLON
113	3578	16:13:44	XUBS
81	3578	16:12:57	XLON
64	3578	16:12:57	XUBS
17	3576.5	16:12:57	TRQX
13	3577	16:12:57	CHIX
78	3578	16:11:41	XUBS
8	3577.5	16:11:41	TRQX
8	3577.5	16:11:41	BATE
8	3577.5	16:11:41	CHIX
20	3578	16:07:50	CHIX
101	3578	16:07:50	CHIX
105	3580	16:05:36	XLON
114	3582	16:05:36	TRQX
105	3584	16:01:08	XUBS
122	3580	15:59:20	CHIX
60	3583	15:55:19	XUBS
49	3582	15:55:18	XUBS
107	3586	15:54:17	TRQX
90	3591	15:51:12	CHIX
15	3591	15:51:12	CHIX
10	3592	15:48:51	XLON
57	3592	15:48:51	XLON
20	3592	15:48:51	XLON
30	3592	15:48:51	XLON
108	3591	15:46:36	TRQX
105	3590.5	15:41:20	XUBS
48	3591	15:39:01	XLON
70	3591	15:39:01	XLON
29	3586	15:37:54	TRQX
85	3586	15:37:54	CHIX
28	3586	15:36:39	CHIX
107	3584	15:33:14	TRQX
6	3585	15:32:37	XUBS
118	3585	15:32:10	BATE
106	3590.5	15:24:42	XUBS
24	3589.5	15:24:36	XUBS
15	3592	15:23:39	CHIX
50	3592	15:23:39	CHIX
50	3592	15:23:39	CHIX
75	3595	15:19:01	BATE
10	3594.5	15:19:01	TRQX
10	3594.5	15:19:01	BATE
45	3595	15:19:01	TRQX
7	3595	15:19:01	XLON
104	3595	15:19:01	XLON
76	3595	15:19:01	TRQX
88	3593	15:12:07	TRQX
67	3593	15:12:07	CHIX
64	3597	15:11:09	XLON
35	3596	15:11:09	XLON
40	3596	15:11:09	XLON
39	3596	15:11:09	TRQX
45	3596	15:11:09	TRQX
11	3594.5	15:11:09	TRQM
81	3594.5	15:11:09	TRQM
78	3592	15:07:32	TRQX
60	3592	15:07:32	TRQX
82	3592	15:07:32	TRQX
81	3592	15:07:32	XLON
94	3592	15:07:32	XLON
90	3592	15:07:32	XLON
53	3592	15:07:32	XLON
20	3591	15:07:32	TRQX
58	3591	15:07:32	TRQX
96	3591	15:07:32	TRQX
23	3592	15:07:32	XLON
45	3591	15:07:32	TRQX
59	3590	15:07:32	TRQX
63	3590	15:07:32	TRQX
52	3590	15:07:32	TRQX
60	3591	15:07:32	BATE
75	3591	15:07:32	CHIX
53	3590	15:07:32	TRQX
11	3590	15:07:32	XLON
12	3588	15:07:32	BATD
10	3588	15:07:32	TRQM
10	3588	15:07:32	CHID
25	3589	15:07:20	XUBS
109	3587.5	15:04:00	XUBS
62	3586	15:02:36	TRQX
62	3586	15:02:36	TRQX
109	3589	14:59:30	TRQX
108	3597	14:56:03	TRQX
36	3598	14:54:51	XLON
28	3598	14:54:51	XLON
53	3597	14:54:51	XLON
49	3597	14:54:51	XLON
100	3597	14:54:51	XLON
39	3602	14:51:24	XLON
70	3602	14:51:24	XLON
106	3599	14:47:31	CHIX
115	3600.5	14:47:20	XUBS
58	3599	14:42:55	XLON
41	3599	14:42:55	XLON
6	3599	14:42:55	XLON
112	3597	14:36:37	CHIX
115	3598	14:35:41	TRQX
104	3599	14:31:24	CHIX
114	3607	14:28:20	XUBS
116	3613	14:27:09	CHIX
24	3615	14:25:21	XUBS
109	3615	14:24:21	BATE
117	3618	14:23:06	TRQX
123	3620	14:23:06	TRQX
66	3618	14:18:29	TRQX
41	3618	14:18:29	TRQX
4	3618	14:18:29	CHID
8	3611	14:11:47	CHID
1	3611	14:11:47	BATE
123	3611	14:11:47	XLON
1	3611	14:11:47	BATD
1	3611	14:11:47	TRQM
1	3611	14:11:47	CHID
51	3613	14:10:58	TRQM
51	3613	14:10:58	TRQM
51	3613	14:10:58	TRQM
69	3613	14:10:58	TRQM
91	3613	14:10:58	TRQM
165	3613	14:10:58	XPOS
79	3613	14:10:58	XPOS
117	3613	14:10:58	CHID
160	3613	14:10:58	CHID
277	3613	14:10:58	CHID
50	3613	14:10:58	XPOS
115	3613	14:10:58	CHIX
53	3613	14:10:58	CHIX
65	3613	14:10:58	CHIX
274	3613	14:10:58	CHID
276	3613	14:10:58	BATD
242	3613	14:10:58	TRQM
15	3608.5	14:09:57	TRQM
19	3608.5	14:09:57	TRQM
2	3608.5	14:09:21	CHID
1	3608.5	14:09:21	TRQM
1	3608.5	14:09:21	BATD
1	3608.5	14:09:21	CHID
40	3608.5	14:09:08	XPOS
40	3608.5	14:09:08	LXEU
179	3608.5	14:08:21	JPMX

 

 

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)
[email protected]	[email protected]	[email protected]

 

 

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