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BGEO Group PLC (BGEO.L)

BGEO.L on London Stock Exchange

2,720.00GBp
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

BGEO Group says signs 220 mln lari loan agreement with EBRD
Friday, 27 May 2016 04:08am EDT 

Bgeo Group Plc : Bog signs a c.gel 220 mln loan agreement with ebrd . Have signed a c.gel 220 million loan agreement, with a maturity of five-years. .Loan will enable bog to issue longer-term local currency loans.  Full Article

BGEO Q1 profit rises about 40 pct year-on-year
Tuesday, 24 May 2016 02:02am EDT 

BGEO Group Plc : 1Q16 profit was gel 87.0mln (us$ 36.8mln/gbp 25.5mln), up 39.6% y-o-y . Intends to recommend an annual dividend of gel 2.4 per share payable in british pound sterling at prevailing rate . Total assets increased to gel 10,077.6mln, up 11.6% y-o-y and down 0.4% q-o-q .Revenue was gel 184.1mln (up 3.7% y-o-y and down 8.5% q-o-q).  Full Article

Bank of Georgia Holdings PLC declares dividend
Monday, 8 Jun 2015 09:06am EDT 

Bank of Georgia Holdings PLC:Approves declaration of a final dividend of Georgian Lari 2.1 per share in respect of the year ended Dec. 31, 2014, payable to ordinary shareholders of the Company in British Pounds Sterling.Ex-Dividend Date: June 04.Record Date: June 05.Currency Conversion Date: June 08.Payment Date : June 16.Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds Sterling exchange rate as of June 08 is 3.5110.  Full Article

Bank of Georgia Holdings healthcare subsidiary acquires new hospital
Monday, 1 Jun 2015 02:01am EDT 

Bank of Georgia Holdings PLC:Announces that Georgia Healthcare Group, the Bank 's health care subsidiary, has signed a binding Memorandum of Understanding.Says the MoU is to acquire 50.0 pct equity interest in GNCo, with effective management and operational control over the company.  Full Article

Bank of Georgia Holdings PLC's healthcare subsidiary acquires a hospital
Wednesday, 20 May 2015 08:44am EDT 

Bank of Georgia Holdings PLC:Says that Georgia Healthcare Group, the B ank's heal th care subsidiary, has signed binding contract to acquire a 95 pct equity interest, subject to relevant regulatory approvals, in Deka LLC.Deka owns a hospital with a 350 bed capacity and is located on 2.4 ha. land in a prime location in Tbilisi.Currently c.80 beds are operational and the rest require refurbishment. The acquisition was financed from the proceeds of the BGH capital raise in Dec. 2014.Says the renovation and development of the acquired hospital capacity is expected to take approximately 12 months and is anticipated to be financed through proceeds from the stock exchange listing of GHG which is planned for later this year.Acquisition of this new hospital facility is consistent with the company's previously announced strategy to scale up its healthcare business through targeted acquisitions in Tbilisi.Following this transaction, and planned development of the hospital, GHG's portfolio will include 40 healthcare facilities and 2,490 hospital beds across Georgia, further widening the gap with the next largest player, by number of beds.  Full Article

Bank of Georgia Holdings PLC declares dividend
Thursday, 9 Apr 2015 02:00am EDT 

Bank of Georgia Holdings PLC:Intents to recommend an annual dividend in the amount of GEL 2.1 per share.The ex-dividend date is June 4.The record date is June 5.The payment date is June 16.  Full Article

Bank of Georgia Holdings PLC 's real estate subsidiary issues bonds
Tuesday, 17 Mar 2015 03:01am EDT 

Bank of Georgia Holdings PLC:Completes of a $20 mln 2-year bond placement by the Bank's wholly-owned real estate subsidiary m2 Real Estate.Says bond was issued at par and carries a coupon rate of 9.5 pct payable semi-annually.Says deal is expected to close on March 20.Galt & Taggart, the investment banking subsidiary of Bank of Georgia acted as placement agent for the deal.  Full Article

Bank of Georgia Holdings plc to recommend annual dividend
Friday, 20 Feb 2015 02:00am EST 

Bank of Georgia Holdings plc:Says Board intends to recommend an annual dividend of 2.1 Georgian lari per share payable in British Sterling at the prevailing rate.Says This represents an increase of 5 pct, compared to the annual dividend of 2.0 Georgian lari per share last year.  Full Article

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

Fitch Publishes BGEO Group's IDR at 'BB-'; Outlook Stable

(The following statement was released by the rating agency) MOSCOW, June 15 (Fitch) Fitch Ratings has published BGEO Group's (BGEO) Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook. BGEO is Bank of Georgia's (BoG; BB-/Stable/bb-) direct holding company, domiciled in Georgia. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS BGEO's ratings reflect Fitch's view that the default risk of the holding company (holdco) i