Director/PDMR Shareholding

RNS Number : 2906M

Bank of Georgia Group PLC

07 January 2019

 

London, 7 January 2019

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

Bank of Georgia Group PLC (the Group) announces the grant of deferred share salary awards by Sanne Fiduciary Services Limited (Sanne) acting as trustee of the Rubicon Executive Equity Compensation Trust (the Trust) in respect of the 2018 work year, in the form of nil-cost options over ordinary shares of the Group (the Shares) to persons discharging managerial responsibilities (PDMRs). The awards were made for nil consideration.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kaha Kiknavelidze
2.	Reason for the notification
a)	Position / status	CEO
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BANK OF GEORGIA GROUP PLC
b)	LEI	213800XKDG12NQG8VC53
4.	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument Identification Code	nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC N/A
b)	Nature of the transaction	Grant of nil-cost options in respect of deferred salary shares for the 2018 work year pursuant to the senior executive equity compensation plan. 20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 60,000
d)	Aggregated information -      Volume -      Price -      Total	N/A
e)	Date of the transaction	3 January 2019
f)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Tsiklauri
2.	Reason for the notification
a)	Position / status	CFO
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BANK OF GEORGIA GROUP PLC
b)	LEI	213800XKDG12NQG8VC53
4.	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument Identification Code	nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC N/A
b)	Nature of the transaction	Grant of nil-cost options in respect of deferred salary shares for the 2018 work year pursuant to the senior executive equity compensation plan. 20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 35,000
d)	Aggregated information -      Volume -      Price -      Total	N/A
e)	Date of the transaction	3 January 2019
f)	Place of the transaction	Outside of a trading venue

Name of authorised official of issuer responsible for making notification: 

Link Company Matters Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services, b) corporate investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from superior growth of Georgian economy through both its retail banking and corporate investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and 15%-20% growth of its loan book. 

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:
Fitch Ratings	'BB-/B'
Moody's	'Ba3/NP' (FC) & 'Ba2/NP' (LC)

For further information, please visit www.bankofgeorgiagroup.com or contact:

Kaha Kiknavelidze	Michael Oliver	David Tsiklauri	Natia Kalandarishvili
Group CEO	Adviser to the CEO	Group CFO	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (9282)
[e-mail]	[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

 

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