Director/PDMR Shareholding

RNS Number : 6735A

Bank of Georgia Holdings PLC

21 February 2014

 

London, 21 February 2014

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

Bank of Georgia Holdings PLC (BGH) was notified on 21 February 2014 by each Person Discharging Managerial Responsibility (PDMR) listed in the table below, that he has exercised his/her nil cost options to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) on 19 February 2014, pursuant to the JSC Bank of Georgia (the Bank) senior executive equity compensation plan, in the case of executive members of management, or executive equity compensation plan, in the case of non-executive members of management. For each PDMR, BGH Shares were withheld to meet tax liabilities, as reflected below.

Name of PDMR	Options Exercised (BGH Shares)	Tax Withholding (BGH Shares)	Net BGH Shares Received
Nick Gamkrelidze	27,375	5,476	21,899
Irakli Burdiladze	33,500	6,700	26,800
Mikheil Gomarteli	43,000	8,600	34,400
Murtaz Kikoria	34,000	6,800	27,200

BGH was also notified on 21 February that each PDMR listed in the table below had sold BGH ordinary shares (BGH Shares).

Name of PDMR	Date of Transaction	Number of BGH Shares Sold	Sale Price per BGH Share (£)	Shares Remaining after Transaction*	% Ownership remaining in BGH
Nick Gamkrelidze	19 February 2014	17,317	24.15	73,624	0.2%
Irakli Burdiladze	19 February 2014 20 February 2014	6,100 20,700	24.02 24.15	80,000	0.2%
Murtaz Kikoria	20 February 2014	26,200	24.12	105,000	0.3%

*includes vested and unvested shares

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.

 

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