Bgeo Group PLC Director/PDMR Shareholding (6293T)
January 09 2017 - 2:00AM
UK Regulatory
TIDMBGEO
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 GBP29.30 (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 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 'B1/NP' (FC)
& B1/NP (LC) & '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 Head of Investor
CEO Relations
+995 322 444
+995 322 444 109 +44 203 178 4034 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
(END) Dow Jones Newswires
January 09, 2017 02:00 ET (07:00 GMT)
Bank Of Georgia (LSE:BGEO)
Historical Stock Chart
From Apr 2024 to May 2024
Bank Of Georgia (LSE:BGEO)
Historical Stock Chart
From May 2023 to May 2024