Director/PDMR Shareholding

RNS Number : 1424A

Bank of Georgia Holdings PLC

27 March 2012

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Bank of Georgia Holdings plc (BGH) was notified on 26 March 2012 by each Person Discharging Managerial Responsibility (PDMR) listed in the table below, that s/he has exercised his/her nil cost option (Options) to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) on 26 March 2012, pursuant to the terms of the JSC Bank of Georgia's (BoG) executive equity compensation plans.  For each PDMR, BGH Shares were withheld to meet tax liabilities, as reflected below.

Name of PDMR	Options Exercised (BGH Shares)	Tax Withholding (BGH Shares)	Net BGH Shares Received
Murtaz Kikoria	18,779	3,756	15,023
Avto Namicheishvili	51,666	10,334	41,332
Michail Gomarteli	30,084	6,017	24,067
Archil Gachechiladze	32,167	6,434	25,733
Vasili Revishvili	29,695	5,939	23,756
Sulkhan Gvalia	30,835	6,168	24,667
Irakli Burdiladze	19,334	3,867	15,467
Nikoloz Gamkrelidze	3,300	660	2,640
Thea Jokhadze	5,168	1,035	4,133
Kakhaber Davitaia	8,001	1,601	6,400
David Vakhtangishvili	9,833	1,967	7,866

BoG's executive equity compensation plans provide for fixed salaries that include a cash and guaranteed long-vesting share component, and bonuses comprised of discretionary grants of nil cost options.

This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Company Secretary

About Bank of Georgia

Bank of Georgia is the leading Georgian bank, based on total assets (with a 35.6% market share), total loans (with a 34.5% market share) and client deposits (with a 35.6% market share) as of 31 December 2011, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

 

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor’s	‘BB-/B’
FitchRatings	‘BB-/B’
Moody’s	‘B1/NP’ (FC) & ‘Ba3/NP’ (LC)

For further information, please visit www.bog.ge/ir or contact:

Irakli Gilauri	Macca Ekizashvili	David Westover/Justin Griffiths
Chief Executive Officer	Head of Investor Relations	Citigate Dewe Rogerson
[phone]	[phone]	[phone]
[e-mail]	[e-mail]	[e-mail]

      This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.

 

END

 

 

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