BGEO Group announces Transaction in Own Shares

RNS Number : 8461E

Bgeo Group PLC

11 May 2017

 

            London, 11 May 2017

BGEO Group announces Transaction in Own Shares

BGEO Group PLC (BGEO or the Group - LSE: BGEO LN) announces that on 10 May 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 announced on 10 March 2017 (the Buyback Programme).

Date of purchase:	10 May 2017
Number of ordinary shares repurchased:	10,000
Highest price paid per ordinary share:	£36.95
Lowest price paid per ordinary share:	£35.24
Volume weighted average price paid per ordinary share:	£36.15

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 39,459,320 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:	10 May 2017
Number of ordinary shares purchased: Volume weighted average price (pence):	10,000 3615

Individual transactions:

Number of shares purchased	Transaction price (per share)	Time of transaction	Platform
69	3695	16:26:46	XUBS
924	3695	16:35:15	XLON
50	3695	16:35:15	XLON
66	3688	16:25:40	XUBS
65	3687.5	16:29:24	XUBS
62	3687	16:24:26	XUBS
67	3682	16:23:21	XUBS
64	3680	16:22:12	XUBS
62	3678.5	16:21:00	XUBS
59	3677	16:17:28	XUBS
66	3672	16:19:44	XUBS
73	3668.5	16:16:23	XUBS
64	3666.5	16:18:26	XUBS
68	3665.5	15:18:39	XUBS
68	3663	15:15:23	XUBS
68	3663	15:29:08	XUBS
69	3662.5	15:31:23	XUBS
61	3661.5	16:14:30	XUBS
62	3661	15:21:43	XUBS
58	3661	16:13:48	XUBS
57	3660	15:08:23	XUBS
62	3659.5	15:11:03	XUBS
57	3659.5	15:13:02	XUBS
65	3659	15:02:23	XUBS
64	3657	15:24:00	XUBS
63	3657	15:33:17	XUBS
68	3657	15:35:23	XUBS
63	3657	15:38:07	XUBS
66	3656.5	15:05:00	XUBS
59	3655.5	15:40:43	XUBS
62	3655.5	15:42:43	XUBS
2	3655.5	15:42:43	XUBS
38	3654.5	15:44:43	XUBS
24	3654.5	15:44:43	XUBS
67	3653.5	15:47:03	XUBS
58	3651	15:49:43	XUBS
60	3648.5	15:26:54	XUBS
57	3646.5	16:03:03	XUBS
64	3646	14:57:43	XUBS
61	3646	14:59:43	XUBS
67	3645	15:58:03	XUBS
61	3644	15:56:01	XUBS
60	3643.5	16:09:23	XUBS
68	3642.5	16:06:23	XUBS
67	3642.5	16:12:03	XUBS
30	3642	16:04:50	XUBS
26	3642	16:04:50	XUBS
35	3642	16:10:59	XUBS
64	3641.5	14:55:23	XUBS
61	3641	16:08:14	XUBS
58	3639.5	14:52:23	XUBS
62	3638.5	14:49:23	XUBS
69	3638	15:59:17	XUBS
59	3637.5	16:01:23	XUBS
59	3636	15:51:29	XUBS
14	3630	08:24:11	XUBS
69	3630	15:53:34	XUBS
66	3627	14:45:41	XUBS
65	3626	08:24:11	XUBS
65	3625.5	08:41:11	XUBS
63	3623.5	08:25:29	XUBS
50	3622	08:25:29	TRQX
17	3622	08:25:29	TRQX
68	3621	08:35:51	XUBS
60	3619.5	08:32:01	XUBS
70	3619.5	14:34:03	XUBS
67	3619.5	14:37:03	XUBS
66	3619	14:43:05	XUBS
64	3613	14:24:43	XUBS
69	3613	14:27:43	XUBS
65	3611	14:30:43	XUBS
57	3606	14:39:58	XUBS
65	3603.5	14:18:21	XUBS
61	3603	14:15:23	XUBS
60	3602.5	14:22:01	XUBS
63	3601.5	08:57:03	XUBS
61	3600	08:54:44	XUBS
69	3596.5	08:53:32	XUBS
63	3592	08:46:07	XUBS
14	3592	08:52:03	CHIX
67	3592	09:01:52	XUBS
67	3592	14:10:19	XUBS
100	3591.5	08:52:08	JPMX
83	3591.5	08:52:08	JPMX
58	3591	14:06:03	XUBS
200	3590	09:01:49	XLON
238	3590	09:01:49	XLON
40	3590	09:01:49	XLON
145	3590	09:01:52	XLON
31	3590	09:05:48	XLON
138	3590	09:05:48	XLON
25	3590	09:05:48	XLON
60	3588	10:51:51	XUBS
61	3585	08:51:27	XUBS
58	3584.5	13:58:03	XUBS
67	3584.5	14:01:37	XUBS
67	3583	10:23:01	XUBS
57	3583	13:44:43	XUBS
60	3583	13:49:37	XUBS
63	3583	13:53:37	XUBS
68	3579.5	09:07:27	XUBS
69	3578	10:30:23	XUBS
69	3575	10:44:43	XUBS
57	3574.5	13:36:02	XUBS
63	3574.5	13:39:37	XUBS
68	3572	10:16:03	XUBS
66	3571.5	13:31:40	XUBS
70	3569	10:37:23	XUBS
57	3562	11:03:43	XUBS
62	3560.5	13:28:37	XUBS
58	3559.5	10:09:39	XUBS
60	3559.5	11:35:30	XUBS
62	3559	11:16:09	XUBS
63	3558.5	11:28:43	XUBS
60	3558	09:40:23	XUBS
63	3557.5	11:46:23	XUBS
60	3557	12:03:23	XUBS
63	3557	12:11:43	XUBS
57	3557	13:22:46	XUBS
58	3556.5	12:25:02	XUBS
61	3556	11:41:23	XUBS
57	3556	12:30:32	XUBS
57	3555.5	11:59:57	XUBS
63	3555	11:09:43	XUBS
58	3554	11:52:23	XUBS
63	3553.5	10:57:18	XUBS
59	3553	12:18:23	XUBS
59	3552.5	10:05:23	XUBS
60	3552.5	11:23:03	XUBS
66	3552	12:36:23	XUBS
59	3552	13:17:04	XUBS
62	3550.5	13:00:23	XUBS
63	3550	12:54:28	XUBS
61	3550	13:12:15	XUBS
68	3548	09:57:34	XUBS
69	3548	12:42:52	XUBS
59	3548	12:49:03	XUBS
68	3546	13:07:17	XUBS
62	3545	09:33:39	XUBS
69	3539.5	09:14:38	XUBS
57	3538	09:52:03	XUBS
69	3536.5	09:27:43	XUBS
68	3532.5	09:45:52	XUBS
66	3523.5	09:21:21	XUBS

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
[phone]	[phone]	[phone] (ext. 3979)
[e-mail]	[e-mail]	[e-mail]

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

 

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