Director/PDMR Shareholding

RNS Number : 2969T

Bank of Georgia Holdings PLC

18 November 2013

 

                     London, 18 November 2013

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

BGH was notified today that Ian Hague, a Director of BGH and Managing Director of Firebird Republics Fund Ltd., Firebird New Russia Fund Ltd.,  Firebird Avrora Fund, Ltd. and Firebird Fund LP, had sold BGH ordinary shares (BGH Shares) on 14 November 2013 on behalf of each of the Firebird funds as detailed below.

Fund Name	Number of BGH Shares Sold	Sale Price per BGH Share (£)
Firebird Republics Fund Ltd.	440,000	20.00
Firebird New Russia Fund Ltd.	185,000	20.00
Firebird Avrora Fund Ltd.	325,000	20.00
Firebird Fund LP	130,000	20.00

Following the sale of BGH Shares by the four funds, the Firebird group of funds continues to hold 1,373,066 BGH Shares, representing approximately 3.82% 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 34.1% market share), total loans (with a 33.8% market share) and total deposits (with a 30.4% market share) as of 30 September 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

 

 

RDSBXBDBLGBBGXI