Bgeo Group PLC Save the date BGEO investor day 9 November (7459O)
August 23 2017 - 2:00AM
UK Regulatory
TIDMBGEO
RNS Number : 7459O
Bgeo Group PLC
23 August 2017
London, 23 August 2017
BGEO Group will hold Investor Day in Tbilisi on 9 November
2017
You are cordially invited to the BGEO Group PLC's (the "Group"
or "BGEO") Investor Day, which will take place in Tbilisi on 9
November 2017. This event, held for analysts and investors, will be
hosted by the members of BGEO board and management team.
A detailed agenda and registration details will be provided in
the near future. Please make sure to save the date in your
calendar.
Additionally, Georgia Healthcare Group ("GHG"), healthcare
subsidiary of BGEO, will hold its Investor Day in Tbilisi, Georgia
on 10 November 2017. BGEO investors and analysts are welcome to
attend this event, hosted by the members of GHG board and
management team. Further details on GHG Investor Day, including
agenda and registration details will be announced by GHG and will
be available on its web-site: http://ghg.com.ge/news.
We look forward to seeing you in Tbilisi!
Name of authorised official of issuer responsible for making
notification: Giorgi Alpaidze, Head of Finance, Funding and
Investor Relations
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"), m(2) 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 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 190
igilauri@bog.ge moliver@bgeo.com 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
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