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Dividend Policy

 

BGEO Group PLC may by ordinary resolution declare dividends provided that no such dividend shall exceed the amount recommended by BGEO’s Directors. The Directors may also pay interim dividends as appear justified by the profits of BGEO Group PLC available for distribution.


As BGEO Group PLC is a holding company, it relies primarily on dividends and other statutorily (if any) and contractually permissible payments from its subsidiaries to generate the funds necessary to meet its obligations and pay dividends to its shareholders.


As a result of the Group’s strong financial performance and condition in 2016, the BGEO Board recommended an annual dividend of GEL 2.6 payable in British Pounds Sterling (at the prevailing rate), which was approved by shareholders’ at the 2017 AGM and will be paid on 7 July 2017.

EX DIV DATE: 22 June 2017
RECORD DATE: 23 June 2017
CURRENCY CONVERSION DATE: 26 June 2017
PAYMENT DATE: 7 July 2017

The most secure method of paying dividends is by direct credit into a nominated bank account. Ordinary shareholders who have not already done so should provide appropriate bank account details to the company's Registrar: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY. Those shareholders who do not take advantage of the direct credit facility will be paid their respective dividend by cheque in British Pounds Sterling.