Bgeo Group PLC Director/PDMR Shareholding (5113C)
April 13 2017 - 12:36PM
UK Regulatory
TIDMBGEO
RNS Number : 5113C
Bgeo Group PLC
13 April 2017
London, 13 April 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 34,197 BGEO ordinary shares (Shares) at a price of
GBP33.87 (rounded to two decimal points) per Share, traded on 13
April 2017 with a settlement date of 19 April 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 1,387,094 Shares, representing approximately 3.51% of
BGEO's issued ordinary share capital.
Of the 1,387,094 Shares held by the Trust, 1,140,944 Shares are
to be allocated to existing awards, both vested and unvested.
Name of authorised official of issuer responsible for making
notification:
Kate Bennett Rea, Group 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 Giorgi Alpaidze
Group CEO Adviser to the Head of Investor
CEO Relations
+995 322 444
+995 322 444 109 +44 203 178 4034 444 (ext. 3979)
igilauri@bog.ge moliver@bog.ge g.alpaidze@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
DSHBLGDSSXBBGRX
(END) Dow Jones Newswires
April 13, 2017 12:36 ET (16:36 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