May 16, 2017 / 3:41 PM / 8 months ago

BRIEF-BGEO announces placing of at least 7 mln shares in Georgia Healthcare Group

May 16 (Reuters) - BGEO Group Plc

* BGEO announces proposed placing of shares in GHG

* Proposed placing of shares in Georgia Healthcare Group Plc

* Intention to sell a minimum of 7 million shares in Georgia Healthcare Group Plc

* Prior to this proposed placing, BGEO’s wholly owned subsidiary JSC BGEO Investments owned 64.26 pct of GHG

* Proceeds of placing will be used for general corporate purposes

* Placing shares being offered to institutional shareholders by way of accelerated bookbuild, which will be launched immediately after announcement

* Investec Bank, Numis, Renaissance Securities and Jefferies acting as joint bookrunners in connection with placing

* Final number of placing shares, price for placing shares will be agreed by BGEO and banks at close of bookbuilding process

* Timings for close of bookbuild process are at discretion of banks and BGEO Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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