Bgeo Group PLC Director/PDMR Shareholding (1882K)
April 09 2018 - 3:25AM
UK Regulatory
TIDMBGEO
RNS Number : 1882K
Bgeo Group PLC
09 April 2018
London, 9 April 2018
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 12,100 BGEO ordinary shares of GBP0.01 each (Shares)
at a price of GBP35.27 (rounded to two decimal points) per Share,
traded on 6 April 2018 with a settlement date of 10 April 2018.
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 1,721,788 Shares, representing approximately 4.37% of
BGEO's issued ordinary share capital.
Of the 1,721,788 Shares held by the Trust, 1,223,230 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 its strategy of: (1) at least
20% ROAE from its Banking Business; (2) 15%-20% growth of its
Banking Business loan book; (3) at least 25% 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 comprises: 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 comprises the Group's stakes in
Georgia Healthcare Group PLC ("Healthcare Business" or "GHG") - an
LSE (a London Stock Exchange) premium-listed company, Georgia
Global Utilities ("Utility and Energy Business" or "GGU"), m(2)
Real Estate ("Real Estate Business" or "m(2) "), 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 'Ba3/NP' (FC)
& B1/NP (LC) & 'Ba2/NP'
(LC)
For further information, please visit www.bgeo.com or
contact:
Irakli Gilauri Michael Oliver Giorgi Alpaidze
Group CEO Adviser to the Group CFO
CEO
+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
DSHBGGDSLBGBGIR
(END) Dow Jones Newswires
April 09, 2018 03:25 ET (07:25 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