Director/PDMR Shareholding

RNS Number : 3646R

Bgeo Group PLC

08 December 2016

 

London, 8 December 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")
a)	Name	Avtandil (Avto) Namicheishvili
b)	Position / status	PDMR (Group General Counsel)
c)	Initial notification / amendment	initial notification
2.	DETAILS OF THE ISSUER
	BGEO GROUP PLC
3.	DETAILS OF THE TRANSACTION(S)
a)	Description of the financial instrument	ordinary shares of £0.01 each ISIN: GB00B759CR16
c)	Nature of interest	personally
d)	Nature of the transaction	sale of ordinary shares
e)	Dates of the transactions	6/12/2016 7/12/2016
f)	Place of the transaction	London Stock Exchange
g)	Price(s) and volume(s)	Price(s)	Volume(s)
		£30.1081	21,621
		£31.59	28,379
h)	Aggregated information Aggregated volume Price	In total, 50,000 ordinary shares were sold at an average price per ordinary share of £30.9492, resulting in an aggregated volume price of £1,547,460.

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Group Company Secretary

About BGEO Group PLC

The Group: BGEO Group PLC ("BGEO" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company of a Georgia-focused investment platform. BGEO invests in the banking and non-banking sectors in Georgia (BGEO and its subsidiaries, the "Group"). BGEO aims to deliver on a 4x20 strategy: at least 20% ROAE and at least 20% growth of retail loan book in Banking Business, and at least 20% IRR and up to 20% of the Group's profit from Investment Business.

Banking Business: Our Banking Business comprises at least 80% of the Group's profit and consists of Retail Banking, Corporate Banking and Investment Management businesses at its core and other banking businesses such as P&C Insurance, Leasing, Payment Services and Banking operations in Belarus ("BNB"). The Group strives to benefit from the underpenetrated banking sector in Georgia especially through its Retail Banking services. JSC Bank of Georgia ("BOG" or the "Bank") is the main entity in the Group's Banking Business.

Investment Business: Our Investment Business comprises up to 20% of the Group's profit and consists of Georgia Healthcare Group (Healthcare Business) - an LSE (London Stock Exchange PLC) premium listed company, m2 Real Estate (Real Estate Business), Georgia Global Utilities (Utility Business or GGU) and Teliani Valley (Beverage Business). Georgia's fast-growing economy provides opportunities in a number of underdeveloped markets and the Group is well positioned to capture growth opportunities in the Georgian corporate sector.

JSC BGEO Group has, as of the date hereof, the following credit ratings:		Bank of Georgia has, as of the date hereof, the following credit ratings:
Fitch Ratings	'BB-/B'	Fitch Ratings	'BB-/B'
Moody's	B1/NP (FC) & B1/NP (LC)	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 securities

 

END

 

 

DSHBUBDDRDGBGLI