Director/PDMR Shareholding

RNS Number : 3525S

Bgeo Group PLC

16 March 2016

 

London, 16 March 2016

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

BGEO Group Plc (BGEO) was notified yesterday, 15 March 2016, that Irakli Burdiladze and Mikheil Gomarteli, each a Person Discharging Managerial Responsibility (PDMR), had exercised nil cost options to acquire BGEO ordinary shares (BGEO Shares) with a nominal value of £0.01 per share BGEO Share (Nil Cost Options) pursuant to the executive equity compensation plan.

On 14 March 2016, Mr Burdiladze exercised 14,500 Nil Cost Options. A total of 2,900 BGEO Shares were withheld to meet tax liabilities, resulting in Mr Burdiladze receiving 11,600 BGEO Shares.

On 15 March 2016, Mr Gomarteli exercised 43,250 Nil Cost Options. A total of 8,650 BGEO Shares were withheld to meet tax liabilities, resulting in Mr Gomarteli receiving 34,600 BGEO Shares.

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 BGEO Group PLC

BGEO Group PLC is a UK incorporated holding company of a Georgia-based banking group with an investment arm. Its primary business is the leading Georgian bank JSC Bank of Georgia, which has a market share of 33.4% (based on total assets), 32.0% (based on total loans) and 33.0% (based on client deposits). The banking business offers a broad range of retail banking, corporate banking, investment management and P&C insurance services. As of 31 December 2015, the bank served approximately 2.0 million client accounts through one of the largest distribution networks in Georgia, with 266 branches, the country's largest ATM network, comprising 746 ATMs, 2,589 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center. The investment business primarily consists of the largest healthcare group in Georgia (Georgia Healthcare Group), real estate business (m2) and utility business (Georgia Global Utilities).

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.bgeo.com or contact: 

Irakli Gilauri	Michael Oliver	Ekaterina (Eka) Shavgulidze
Group CEO	Adviser to the CEO	Head of Investor Relations
[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 securitie

 

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