Director/PDMR Shareholding

RNS Number : 4846Q

Bank of Georgia Holdings PLC

01 September 2014

 

                     London, 1 September 2014

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

Bank of Georgia Holdings PLC (BGH) was notified on 29 August 2014 that Murtaz Kikoria and Sulkhan Gvalia, Persons Discharging Managerial Reponsibility, had sold BGH ordinary shares (BGH Shares) as detailed below.

On 28 August 2014, Mr Kikoria sold 20,000 BGH Shares at a share price of £24.74 per share.  Following the sale of BGH Shares, Mr Kikoria continues to hold 103,000 vested and unvested BGH Shares, representing approximately 0.29% of the share capital of the Company. 

On 26 August 2014, Mr Gvalia sold 7,024 BGH Shares at a share price of £24.83 per share and on 27 August 2014, Mr Gvalia sold 3,137 BGH Shares at a share price of £24.82 per share.  Following the sale of BGH Shares, Mr Gvalia continues to hold 143,176 vested and unvested BGH Shares, representing approximately 0.40% 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 32.8% market share), total loans (with a 31.6% market share) and client deposits (with a 29.0% market share) as of 30 June 2014, 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 and healthcare services to its clients. As of 30 June 2014, the Bank served approximately 1.3 million client accounts through one of the largest distribution networks in Georgia, with 206 branches, the country's largest ATM network, comprising 510 ATMs, 2,038 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center.

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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