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Pin to quick picksBank Of Georgia Group Regulatory News (BGEO)

Share Price Information for Bank Of Georgia Group (BGEO)

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Director/PDMR Shareholding

9 Jan 2017 07:00

RNS Number : 6293T
Bgeo Group PLC
09 January 2017
 

 

 

 

 

London, 9 January 2017

 

BGEO Group announces market purchase of shares for its Employee Benefit Trust

 

BGEO Group PLC (BGEO or the Group) was notified on 6 January 2017, by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the Rubicon Executive Equity Compensation Trust (Trust), that Sanne, through an independent broker-managed buyback programme, purchased in the market 34,301 BGEO ordinary shares (Shares) at a price of £29.30 (rounded to two decimal points) per Share, traded on 6 January 2017 with a settlement date of 10 January 2017.

 

The Trust holds the Shares for the purpose of satisfying awards to be awarded to beneficiaries of the Trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under the Trust and are therefore treated as having an interest in such Shares.

 

Upon settlement of the above transaction, the Trust will hold a total of 1,590,925 Shares, representing approximately 4.0276% of BGEO's issued ordinary share capital.

 

Of the 1,590,925 Shares held by the Trust, 1,231,782 Shares are to be allocated to existing awards, both vested and unvested.

 

 

 

 

 

 

 

 

 

 

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

Ekaterina (Eka) Shavgulidze

Group CEO

Adviser to the CEO

Head of Investor Relations

+995 322 444 109

+44 203 178 4034

+995 322 444 205

igilauri@bog.ge

moliver@bog.ge

eshavgulidze@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
 
 
DSHGLGDBUDGBGRC
Date   Source Headline
28th Mar 20245:29 pmRNSTransaction in Own Shares
27th Mar 20245:36 pmRNSTransaction in Own Shares
26th Mar 20245:09 pmRNSTransaction in Own Shares
25th Mar 20245:04 pmRNSTransaction in Own Shares
25th Mar 202412:13 pmRNSDirector/PDMR Shareholding
22nd Mar 20245:15 pmRNSTransaction in Own Shares
21st Mar 20245:16 pmRNSDirector/PDMR Shareholding
21st Mar 20245:11 pmRNSTransaction in Own Shares
20th Mar 20245:23 pmRNSTransaction in Own Shares
20th Mar 20243:40 pmRNSDirector/PDMR Shareholding
20th Mar 20242:49 pmRNSDirector/PDMR Shareholding
19th Mar 20245:23 pmRNSTransaction in Own Shares
18th Mar 20245:30 pmRNSTransaction in Own Shares
15th Mar 20245:42 pmRNSTransaction in Own Shares
15th Mar 20244:00 pmRNSDirectorate Change
15th Mar 20247:00 amRNSBOGG PLC announces GEL 100 million buyback
15th Mar 20247:00 amRNSBOGG PLC 4Q23 & FY23 Preliminary Results
14th Mar 20241:45 pmRNSResult of March 2024 GM
12th Mar 20242:30 pmRNSNotice of Results
19th Feb 20241:16 pmRNSPublication of Circular and GM Notice
19th Feb 20247:00 amRNSProposed acquisition of Ameriabank CJSC
15th Feb 202411:18 amRNSBOGG PLC on possible transaction with Ameriabank
1st Feb 20243:04 pmRNSTotal Voting Rights
24th Jan 202411:00 amRNSBOGG PLC announces JSC BOG profits for 2023
19th Jan 20242:54 pmRNSCancellation of own shares
2nd Jan 202411:31 amRNSCancellation of own shares
2nd Jan 202410:09 amRNSTotal Voting Rights
29th Dec 20231:29 pmRNSTransaction in Own Shares
28th Dec 20235:22 pmRNSTransaction in Own Shares
28th Dec 202312:15 pmRNSJSC BOG signs EUR 45 million Tier-2 agreements
28th Dec 202312:00 pmRNSBOG signs a EUR 50 million loan agreement with EIB
27th Dec 20235:16 pmRNSTransaction in Own Shares
22nd Dec 20231:11 pmRNSTransaction in Own Shares
21st Dec 20235:36 pmRNSTransaction in Own Shares
20th Dec 20235:42 pmRNSTransaction in Own Shares
19th Dec 20235:56 pmRNSTransaction in Own Shares
18th Dec 20235:20 pmRNSTransaction in Own Shares
15th Dec 20235:38 pmRNSTransaction in Own Shares
14th Dec 20235:33 pmRNSTransaction in Own Shares
13th Dec 20235:40 pmRNSTransaction in Own Shares
12th Dec 20235:45 pmRNSTransaction in Own Shares
11th Dec 20235:24 pmRNSTransaction in Own Shares
8th Dec 20235:31 pmRNSTransaction in Own Shares
7th Dec 20235:16 pmRNSTransaction in Own Shares
6th Dec 20235:37 pmRNSTransaction in Own Shares
5th Dec 20235:48 pmRNSTransaction in Own Shares
4th Dec 20235:32 pmRNSTransaction in Own Shares
1st Dec 20235:35 pmRNSTransaction in Own Shares
1st Dec 20231:27 pmRNSTotal Voting Rights
30th Nov 20235:26 pmRNSTransaction in Own Shares

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