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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

28 Sep 2017 09:13

RNS Number : 0814S
Bgeo Group PLC
28 September 2017
 

London, 28 September 2017

 

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

BGEO Group PLC (BGEO or the Group) was notified 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 30,086 BGEO ordinary shares (Shares) at a price of £32.35 (rounded to two decimal points) per Share, traded on 27 September 2017 with a settlement date of 29 September 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 1,536,730 Shares, representing approximately 3.90% of BGEO's issued ordinary share capital.

Of the 1,536,730 Shares held by the Trust, 1,367,394 Shares are to be allocated to existing awards, both vested and unvested.

 

Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, 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"), Teliani Valley ("Beverage Business" or "Teliani") and Aldagi ("Property and Casualty Insurance Business" or Aldagi"). 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 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

'Ba3/NP' (FC) & 'Ba2/NP' (LC)

 

For further information, please visit www.bgeo.com or contact: 

Irakli Gilauri

Michael Oliver

Giorgi Alpaidze

Group CEO

Adviser to the CEO

Group CFO

+995 322 444 109

+44 203 178 4034

+995 322 444 190

igilauri@bgeo.com

moliver@bgeo.com

g.alpaidze@bgeo.com

 

 

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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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
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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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