Director/PDMR Shareholding

RNS Number : 0692C

Bank of Georgia Holdings PLC

10 April 2013

 



                                                                                                               London, 10  April 2013

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

The Board of Bank of Georgia Holdings plc (BGH) and the Supervisory Board of JSC Bank of Georgia (Bank or Bank of Georgia) announce the grant on 5 April 2013 of discretionary contingent deferred share compensation awards in respect of 2012 performance in the form of nil-cost options over ordinary shares of BGH (Grants) to persons discharging managerial responsibilities within BGH (PDMRs).  The Grants were made for nil consideration.

The Grants to the PDMRs listed directly below are granted under and are subject to the terms of the PDMRs' service contracts and will vest in accordance with the terms of the applicable service contract.  The options are exercisable for a period of 10 years from the date on which they vest.   

The following Grants will vest over a two-year period (50% of the options will vest on each of 1 January 2014 and 2015):

Name of PDMR Number of ordinary shares of BGH underlying Grant Irakli Gilauri 30,000 Nikoloz Gamkrelidze 27,000 Archil Gachechiladze 27,000 Avto Namicheishvili 27,000 Irakli Burdiladze 20,000 Mikheil Gomarteli 27,000 Murtaz Kikoria 20,000 Sulkhan Gvalia 22,000

The following Grants will vest over a three-year period (33 1/3 % of the options will vest on each of 1 January 2014, 2015 and 2016):

Name of PDMR Number of ordinary shares of BGH underlying Grant Macca Ekizashvili 11,500 David Vakhtangishvili 11,500

This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.  The Company was informed of the above transactions on 9 April 2013. 

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Company Secretary

10 April 2013

 

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