London, 19 August 2016
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1. |
DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") |
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a) |
Name |
Murtaz Kikoria |
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b) |
Position / status |
PDMR (CEO, JSC Bank of Georgia) |
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c) |
Initial notification / amendment |
initial notification |
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2. |
DETAILS OF THE ISSUER |
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BGEO GROUP PLC |
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3. |
DETAILS OF THE TRANSACTION(S) |
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a) |
Description of the financial instrument |
ordinary shares of £0.01 each ISIN: GB00B759CR16 |
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c) |
Nature of interest |
personally |
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d) |
Nature of the transaction |
exercise of nil-cost options to acquire ordinary shares pursuant to the executive equity compensation plan |
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e) |
Date of the transaction |
2016-08-18 |
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f) |
Place of the transaction |
outside of a trading venue |
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g) |
Price(s) and volume(s) |
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h) |
Aggregated information Aggregated volume Price |
15,500 nil-cost options exercised Please note that a total of 3,100 ordinary shares were withheld to meet tax liabilities, resulting in Mr Kikoria receiving 12,400 ordinary shares.
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Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea, Group Company Secretary