We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bank Of Georgia Group Plc | LSE:BGEO | London | Ordinary Share | GB00BF4HYT85 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4,105.00 | 4,160.00 | 4,185.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBGEO
RNS Number : 9170G
Bgeo Group PLC
01 June 2017
London, 1 June 2017
BGEO Group PLC - Results of AGM
The Board of Directors of BGEO Group PLC (the "Company") announces the results of voting on the resolutions put to shareholders at its Annual General Meeting (the "AGM") held on Thursday, 1 June 2017. Details of the resolutions are set out in full in the Notice of AGM dated 2 May 2017.
Resolutions 1 to 15 were passed as ordinary resolutions and resolutions 16, 17 and 18 were passed as special resolutions.
The results of the poll were as follows:
RESOLUTION VOTES % VOTES % VOTES % of VOTES FOR AGAINST TOTAL ISC* WITHHELD VOTED -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 1 To receive and adopt the Annual Report and Accounts for the year ended 31 December 2016. 32,512,832 99.94 19,000 0.06 32,531,832 82.46 1,501 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 2 To declare a final dividend of GEL 2.6 per Ordinary Share. 32,533,333 100.00 0 0.00 32,533,333 82.47 0 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 3 To receive and approve the Directors' Remuneration Report. 30,694,906 94.47 1,798,027 5.53 32,492,933 82.37 40,400 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 4 To approve the Directors' Remuneration Policy, to take effect from the conclusion of the AGM. 30,701,505 94.49 1,791,428 5.51 32,492,933 82.37 40,400 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 5 To re-elect Neil Janin, as Non-Executive Director. 28,654,048 88.08 3,879,285 11.92 32,533,333 82.47 0 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 6 To re-elect Irakli Gilauri, as an Executive Director. 32,520,551 99.96 12,732 0.04 32,533,283 82.47 50 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 7 To re-elect David Morrison, as a Non-Executive Director. 32,254,337 99.14 278,946 0.86 32,533,283 82.47 50 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 8 To re-elect Alasdair Breach, as a Non-Executive Director. 32,136,900 98.78 396,383 1.22 32,533,283 82.47 50 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 9 To re-elect Kim Bradley, as a Non-Executive Director. 32,512,600 99.96 12,732 0.04 32,525,332 82.45 50 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 10 To re-elect Tamaz Georgadze, as a Non-Executive Director. 32,520,551 99.96 12,732 0.04 32,533,283 82.47 50 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 11 To re-elect Hanna Loikkanen as a Non-Executive Director. 32,520,551 99.96 12,732 0.04 32,533,283 82.47 50 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 12 To re-appoint Ernst & Young LLP as Auditor to the Company. 32,443,742 100.00 0 0.00 32,443,742 82.24 71,041 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 13 To authorise the Board to set the remuneration of the Auditor. 32,443,773 99.72 89,560 0.28 32,533,333 82.47 18,550 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 14 To authorise political donations and political expenditure. 32,046,416 98.72 415,068 1.28 32,461,484 82.29 71,849 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 15 To authorise the Board to allot shares. 32,196,381 99.02 318,402 0.98 32,514,783 82.42 18,550 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 16 To authorise the disapplication of pre-emption rights. 32,251,898 99.19 262,885 0.81 32,514,783 82.42 18,550 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 17 To authorise the disapplication of pre-emption rights for the purposes of acquisitions or capital investments. 32,024,457 98.49 490,326 1.51 32,514,783 82.42 18,550 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ---------- 18 To authorise the Company to purchase its own shares. 32,350,565 99.77 74,608 0.23 32,425,173 82.19 108,160 -------------------------------- ----------- ------- ---------- ------ ----------- ------- ----------
*Issued share capital
As at the date of the AGM, the Company had 39,449,320 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 39,449,320. In accordance with the Company's Articles of Association and subject to the Listing Rules, on a poll, every member who is present in person or by proxy has one vote for every share held. The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.
Note that a "vote withheld" is not a vote in law and such votes have not been included in the calculation of votes "for" and "against" each resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total above.
In accordance with Listing Rule 9.6.2, copies of the resolutions which constitute special business at the AGM (being resolutions 4 and 15-18) will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.
A copy of this announcement has been posted on the Company's website, www.bgeo.com.
Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea
on behalf of Sirius Compliance Solutions Ltd
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, m(2) Real Estate (Real Estate Business), Georgia Global Utilities (Utility & Energy 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@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
RAGSSDFIFFWSEFM
(END) Dow Jones Newswires
June 01, 2017 11:14 ET (15:14 GMT)
1 Year Bank Of Georgia Chart |
1 Month Bank Of Georgia Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions