Director/PDMR Shareholding

RNS Number : 5153B

Bank of Georgia Holdings PLC

04 March 2014

 

London, 4 March 2014

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

Bank of Georgia Holdings PLC (BGH) was notified on 4 March 2014 by David Vakhtangishvili, a Person Discharging Managerial Responsibility (PDMR), that he exercised his nil cost options to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) pursuant to the JSC Bank of Georgia (the Bank) executive equity compensation plan and subsequently sold these BGH Shares.

On 18 February 2014, Mr Vakhtangishvili exercised options in respect of 11,926 BGH Shares. 2,386 BGH Shares were withheld to meet tax liabilities, resulting in a net number of 9,540 BGH Shares received.

On 19 February 2014, Mr Vakhtangishvili sold 9,540 BGH Shares at a share price of £24.15 per BGH Share.

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 33.8% market share), total loans (with a 32.5% market share) and total deposits (with a 30.4% market share) as of 31 December 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

 

 

RDSBLGDXRDGBGSS