Key Developments: Bank of Georgia Holdings PLC (BGEO.L)

BGEO.L on London Stock Exchange

1,889.00GBp
19 Dec 2014
Price Change (% chg)

-98.00p (-4.93%)
Prev Close
1,987.00p
Open
1,983.00p
Day's High
2,063.00p
Day's Low
1,883.00p
Volume
376,376
Avg. Vol
125,706
52-wk High
2,795.69p
52-wk Low
1,774.00p

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Latest Key Developments (Source: Significant Developments)

Bank of Georgia Holdings PLC healthcare subsidiary acquires new hospital
Monday, 6 Oct 2014 02:00am EDT 

Bank of Georgia Holdings PLC:Says JSC Evex Medical Corporation, the Bank's healthcare subsidiary, has acquired 100 pct equity interest in a 60-bed hospital in Tbilisi providing a wide-range of in-patient and out-patient services.  Full Article

Bank of Georgia Holdings PLC receives 15 mln Euro senior loan facility
Tuesday, 30 Sep 2014 03:00am EDT 

Bank of Georgia Holdings PLC:Announces that Bank has received 15 mln Euro senior loan facility from Green for Growth Fund (GGF).Says GGF loan will initially go towards financing energy efficient construction projects in Tbilisi, which will result in primary energy savings of more than 20 pct for energy compared to conventional buildings.Says this is first loan extended in Georgia by GGF Southeast Europe.  Full Article

Bank of Georgia Holdings PLC's leasing subsidiary announces issuance of debut bonds
Thursday, 25 Sep 2014 09:08am EDT 

Bank of Georgia Holdings PLC:Closes $10 mln three-year bond placement by the Bank's wholly-owned leasing subsidiary Georgian Leasing Company LLC (GLC).Says bond was issued at par and carries a coupon rate of 8.75 pct payable semi-annually.Galt & Taggart, investment banking subsidiary of Bank of Georgia acted as placement agent for the deal.  Full Article

Bank of Georgia Holdings PLC receives 18.5 mln euro loan from EFSE
Thursday, 26 Jun 2014 07:06am EDT 

Bank of Georgia Holdings PLC:Receives 18.5 mln euro senior loan from the European Fund for Southeast Europe (EFSE).Says loan is expected contribute to expanding the Micro and Small Enterprise (SME) lending of the Bank.  Full Article

Bank of Georgia Holdings PLC updates on final dividend
Monday, 9 Jun 2014 02:00am EDT 

Bank of Georgia Holdings PLC:Declares a final dividend of Georgian Lari 2.0 per share in respect of the year ended Dec. 31, 2013.Record Date June 06.Payment Date June 18.Ex-Dividend Date June 04.  Full Article

Bank of Georgia Holdings PLC buys-out minority shareholder of My Family Clinic
Friday, 25 Apr 2014 02:00am EDT 

Bank of Georgia Holdings PLC:Bank of Georgia Holdings PLC (BGH), the holding company of JSC Bank of Georgia (Bank) JSC Insurance Company Aldagi (Aldagi), Bank's insurance and healthcare subsidiary, has completed a buy-out of a 49 pct minority shareholder of its healthcare subsidiary My Family Clinic (MFC).Aldagi has held a 51 pct controlling interest in MFC since Dec. 2011.Following transaction, Aldagi's healthcare business consists of its wholly-owned subsidiary My Family Clinic (with 749 hospital beds in Georgia) and wholly-owned subsidiary Unimed (with 1,158 hospital beds in Georgia), both of which are leading healthcare providers in the country.  Full Article

Bank of Georgia's healthcare subsidiary acquires new hospitals
Thursday, 20 Feb 2014 09:15am EST 

Bank of Georgia Holdings PLC:Says that Unimed Kakheti LLC, the wholly-owned healthcare subsidiary of JSC Insurance Company Aldagi, the Bank's healthcare and insurance subsidiary, has acquired an 80% equity interest in Avante Hospital Management Group.Says that owns four hospitals, with a total of 578 beds, located in Tbilisi and Batumi.  Full Article

Bank of Georgia Holdings PLC recommends annual dividend
Monday, 17 Feb 2014 07:00pm EST 

Bank of Georgia Holdings PLC:Says board intends to recommend an annual dividend of 2 Georgian lari (GEL) per share payable in British Sterling at the prevailing rate.  Full Article

Bank of Georgia Holdings PLC receives $65 million loan from IFC
Thursday, 6 Feb 2014 07:00am EST 

Bank of Georgia Holdings PLC:Says that the Bank has received a $65 million subordinated loan facility from IFC Capitalization Fund.Says the loan facility bears a maturity of ten years and will enable the Bank to further optimise its cost of funding.  Full Article

Bank of Georgia Holdings PLC Announces USD10 Million Financing From Citi And Opic For Microfinance Sector
Thursday, 14 Nov 2013 06:44am EST 

Bank of Georgia Holdings PLC announced that the Bank, Citi and Overseas Private Investment Corporation (OPIC) have closed a USD10 million term loan to fund the growth of the Bank's microfinance portfolio in order to promote the financial inclusion of micro-entrepreneurs and small businesses in the Republic of Georgia. This loan will be the first from Citi and OPIC for the microfinance sector in Georgia, and is a part of Citi and OPIC's joint global initiative to support microfinance lending in emerging markets.  Full Article

BUZZ-Bank of Georgia: Places up to 3.59 mln shares

** Bank of Georgia Holdings Plc's shares fall as much as 9.7 pct, after the bank says it will place up to 3.59 mln shares with existing & new institutional investors to help it fund acquisitions

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