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BGEO Group PLC (BGEO.L)

BGEO.L on London Stock Exchange

3,312.00GBp
23 Feb 2018
Change (% chg)

4.00 (+0.12%)
Prev Close
3,308.00
Open
3,364.00
Day's High
3,390.00
Day's Low
3,300.00
Volume
118,697
Avg. Vol
67,883
52-wk High
3,884.00
52-wk Low
2,789.00

Latest Key Developments (Source: Significant Developments)

BGEO Group Says Group Revenue In 2017 Increased By 23.7%
Friday, 16 Feb 2018 02:09am EST 

Feb 16 (Reuters) - BGEO Group Plc ::$18.3MLN WAS RETURNED TO SHAREHOLDERS DURING 4Q17 ($39.1MLN RETURNED IN 2017).AS OF 31 DECEMBER 2017, LOANS AND FINANCE LEASE RECEIVABLES GROWTH ON A CONSTANT CURRENCY BASIS WAS 17.4%.AS OF 31 DECEMBER 2017, CLIENT DEPOSITS AND NOTES GROWTH ON A CONSTANT CURRENCY BASIS WAS 24.8% AND 4.7% ON Y-O-Y AND Q-O-Q BASIS, RESPECTIVELY.COMMON EQUITY TIER 1 RATIO 8.1%, EXPECTED TO INCREASE TO 9.5% ON 31 DECEMBER 2018.IN Q4 OF 2017, GROUP DELIVERED ANOTHER EXTREMELY STRONG PERFORMANCE THAT RESULTED IN RECORD PROFIT FOR YEAR OF GEL 463 MILLION.GROUP REVENUE IN 2017 INCREASED BY 23.7% YEAR-ON-YEAR TO GEL 1.1 BILLION.  Full Article

Georgia's BGEO Says JSC Georgia Capital Considers Potential Issuance Of A Eurobond
Thursday, 15 Feb 2018 03:20am EST 

Feb 15 (Reuters) - BGEO Group Plc ::JSC GEORGIA CAPITAL, HAS MANDATED A NUMBER OF INVESTMENT BANKS TO CONSIDER POTENTIAL ISSUANCE OF A EUROBOND.  Full Article

BGEO Says Board Has Approved Implementation Of Demerger
Monday, 12 Feb 2018 02:00am EST 

Feb 12 (Reuters) - Bgeo Group Plc ::UPDATE ON PROPOSED DEMERGER.‍BOARD HAS NOW APPROVED IMPLEMENTATION OF DEMERGER, SUBJECT TO SHAREHOLDER APPROVAL​.‍"BELIEVE A DEMERGER OF BUSINESSES WILL DELIVER ADDITIONAL LONG-TERM VALUE TO SHAREHOLDERS"​.‍DEMERGER WILL BE SUBJECT TO SHAREHOLDER APPROVAL AT A GENERAL MEETING WHICH IS EXPECTED TO BE HELD IN APRIL 2018​.‍DEMERGER IS EXPECTED TO COMPLETE BEFORE END OF JUNE 2018​.‍FOLLOWING DEMERGER, BANK OF GEORGIA AND GEORGIA CAPITAL WILL BE TWO INDEPENDENT ENTITIES, WITH NO OVERLAPPING MANAGEMENT OR DIRECTORS​.BOARD DECIDED TO INCREASE STAKE THAT GEORGIA CAPITAL WILL HAVE IN BANK OF GEORGIA TO 19.9% FROM PREVIOUSLY ANNOUNCED 9.9%​.  Full Article

BGEO Group Says Georgia Capital Acquires Craft Beer Producer, Black Lion LLC
Thursday, 8 Feb 2018 02:00am EST 

Feb 8 (Reuters) - BGEO Group Plc ::‍GEORGIA CAPITAL ACQUIRES CRAFT BEER PRODUCER​.‍JSC GEORGIA CAPITAL, HAS ACQUIRED A 100% EQUITY STAKE IN A LEADING GEORGIAN CRAFT BEER PRODUCER, BLACK LION LLC​.  Full Article

BGEO Names Investment Business As Georgia Capital
Friday, 12 Jan 2018 02:00am EST 

Jan 12 (Reuters) - Bgeo Group Plc ::BGEO GROUP PLC - BGEO GROUP ANNOUNCES A NEW NAME FOR ITS INVESTMENT BUSINESS.BGEO GROUP PLC - BOARD APPROVED RENAMING OF GROUP'S INVESTMENT BUSINESS TO GEORGIA CAPITAL.BGEO GROUP PLC - GROUP EXPECTS TO RETIRE ITS CURRENT HOLDING COMPANY NAME OF BGEO GROUP.BGEO GROUP PLC - GEORGIA CAPITAL'S MANAGEMENT AND STAFF WILL RELOCATE TO A NEW HEAD OFFICE BY END OF FEBRUARY 2018.  Full Article

BGEO Says BOG Draws Remaining Tranche Of A Facility​
Monday, 8 Jan 2018 02:00am EST 

Jan 8 (Reuters) - Bgeo Group Plc ::‍BOG DRAWS REMAINING TRANCHE OF EBRD'S GEL FACILITY​.  Full Article

BGEO Group Says Unit M2 Acquires Controlling Stake In A Boutique Hotel
Tuesday, 2 Jan 2018 02:00am EST 

Jan 2 (Reuters) - BGEO Group Plc ::UNIT M 2 REAL ESTATE ACQUIRED 50% STAKE FROM A THIRD-PARTY IN AN UPCOMING LIFESTYLE BOUTIQUE HOTEL IN TBILISI FOR US$4.1 MILLION​.‍M 2 HAS AN OPTION TO INCREASE ITS SHAREHOLDING TO 60% STAKE BY INJECTING US$1.9 MILLION INTO HOTEL'S CAPITAL​.  Full Article

BGEO Group Says Regulator Sets New Tariffs For Water Utility Business
Tuesday, 2 Jan 2018 02:00am EST 

Jan 2 (Reuters) - BGEO GROUP PLC ::SAYS GEORGIAN NATIONAL ENERGY AND WATER SUPPLY REGULATORY COMMISSION HAS APPROVED NEW TARIFFS FOR WATER SUPPLY AND SANITATION (WSS) SERVICES​.‍TARIFFS HAVE BEEN UPDATED ACCORDING TO NEW METHODOLOGY ADOPTED BY GNERC IN AUGUST 2017​.RETURN ON INVESTMENT, REFERRED TO AS WACC IN METHODOLOGY, FOR FIRST REGULATORY PERIOD, DEFINED AS THREE YEARS IN METHODOLOGY, IS SET AT 15.99% (UP FROM 13.54% IN 2017​.  Full Article

BGEO Says Real Estate Subsidiary Awarded A Construction Contract
Thursday, 28 Dec 2017 02:00am EST 

Dec 28 (Reuters) - BGEO Group Plc ::BGEO GROUP - M2 REAL ESTATE AWARDED MAJOR CONSTRUCTION CONTRACT.BGEO GROUP - M 2 HAS BEEN AWARDED CONTRACT TO CONSTRUCT SHELL AND CORE OF A NEW SHOPPING MALL AND BUSINESS CENTRE LOCATED IN TBILISI'S SABURTALO DISTRICT​.BGEO GROUP - ‍CONSTRUCTION ARM PLANS TO CARRY OUT CONSTRUCTION WORKS OVER SIXTEEN MONTHS FOLLOWING PLANNED PROJECT COMMENCEMENT IN JANUARY 2018​.‍TOTAL VALUE OF CONTRACT, WHICH COVERS CONSTRUCTION MANAGEMENT SERVICES AND PROJECT COSTS, IS $11.6 MILLION​.  Full Article

BGEO Says Commenced Construction Of Bodorna Hydro Power Plant Near Bodorna Reservoir
Friday, 15 Dec 2017 02:00am EST 

Dec 15 (Reuters) - BGEO Group Plc ::COMMENCED CONSTRUCTION OF BODORNA HYDRO POWER PLANT NEAR BODORNA RESERVOIR.  Full Article