Bgeo Group PLC Notice of Results (5500E)
February 12 2018 - 2:00AM
UK Regulatory
TIDMBGEO
RNS Number : 5500E
Bgeo Group PLC
12 February 2018
London, 12 February 2018
BGEO Group PLC notice of 4Q17 and FY17 Results
BGEO Group PLC ("BGEO" or the "Group") will publish its
financial results for the 4(th) quarter 2017 and the full year 2017
at 07:00 London time on Friday, 16 February 2018. The results
announcement will be available on the Group's website at
www.bgeo.com. An investor/analyst conference call, organised by
BGEO, will be held on, 16 February 2018, at 13:00 UK / 14:00 CET /
08:00 U.S Eastern Time. The duration of the call will be 60 minutes
and will consist of a 15-minute update and a 45-minute Q&A
session.
Dial-in numbers: 30-Day replay:
Pass code for replays/Conference Pass code for replays
ID: 8755969 / Conference ID: 8755969
International Dial-in: International Dial in:
+44 (0) 2071 928000 +44 (0)1452550000
UK: 08445718892 UK National Dial In: 08717000145
US: 16315107495 UK Local Dial In: 08443386600
Austria: 019286559 USA Free Call Dial In:
Belgium: 024009874 1 (866) 247-4222
Czech Republic: 228881424
Denmark: 32728042
Finland: 0942450806
France: 0176700794
Germany: 06924437351
Hungary: 0614088064
Ireland: 014319615
Italy: 0687502026
Luxembourg: 27860515
Netherlands: 0207143545
Norway: 23960264
Spain: 914146280
Sweden: 0850692180
Switzerland: 0315800059
Name of authorised official of issuer responsible for making
notification: Giorgi Alpaidze, Group CFO
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
NORFMGMZVZDGRZG
(END) Dow Jones Newswires
February 12, 2018 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