Bgeo Group PLC Notice of Results (5500E)

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: 
  [phone]                 [phone] 
  UK: 08445718892                     UK National Dial In: 08717000145 
  US: 16315107495                     UK Local Dial In: 08443386600 
  Austria: 019286559                  USA Free Call Dial In: 
  Belgium: 024009874                  1 [phone] 
  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 
      [phone]             [phone]        [phone] 
      [e-mail]            [e-mail]        [e-mail] 
 

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

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February 12, 2018 02:00 ET (07:00 GMT)