Director/PDMR Shareholding

RNS Number : 2313M

Bank of Georgia Holdings PLC

21 August 2013

 

                     London, 21 August 2013

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

Bank of Georgia Holdings (BGH) would like to correct the Director/PDMR release (1794M10) released this morning at 10:02.

The reference to Firebird New Russia Fund Ltd. in the release was incorrect. All references to Firebird New Russia Fund Ltd. should have been to Firebird Avrora Fund Ltd.

The corrected release can be found directly below.

BGH was notified on 19 August 2013 that Ian Hague, a Director of BGH and Managing Director of Firebird Republics Fund Ltd. and Firebird Avrora Fund Ltd., had sold BGH ordinary shares (BGH Shares) on behalf of both funds as detailed below.

On 15 August 2013, 4,901 BGH Shares in each of Firebird Republics Fund Ltd. and Firebird Avrora  Fund Ltd. were sold at a share price of £18.816 per BGH Share.

On 16 August 2013, 17,490 BGH Shares in each of Firebird Republics Fund Ltd. and Firebird Avrora Fund Ltd. were sold at a share price of £18.765 per BGH Share.

Following the sale of BGH Shares by Firebird Republics Fund Ltd. and Firebird Avrora Fund Ltd., the Firebird group of funds continues to hold 2,570,373 BGH Shares, representing approximately 7.16% of the share capital of the Company. 

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 Bank of Georgia Holdings PLC

Bank of Georgia Holdings PLC is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 34.7% market share), total loans (with a 34.0% market share) and total deposits (with a 31.4% market share) as of 30 June 2013, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

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.bgh.co.uk, www.bog.ge/ir or contact: 

Irakli Gilauri	Nikoloz Gamkrelidze	Macca Ekizashvili
Chief Executive Officer	Deputy CEO, Finance	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

 

 

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