Director/PDMR Shareholding

RNS Number : 5104Q

Bgeo Group PLC

29 February 2016

 

London, 29 February 2016

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

BGEO Group Plc (BGEO) was notified on Friday, 26 February 2016, that Murtaz Kikoria and Sasha Katsman, both Persons Discharging Managerial Responsibility, had sold BGEO ordinary shares (BGEO Shares).

Murtaz Kikoria sold a total of 23,000 BGEO Shares on 22, 23, 24 and 25 February 2016, details of which are listed in the table directly below.

Date of Sale	Number of BGEO Shares Sold	Share Price per BGEO Share
22 February 2016	9,652	£18.9334
23 February 2016	7,277	£18.9472
24 February 2016	3,071	£19.0865
25 February 2016	3,000	£19.3799

Following the sale of BGEO Shares, Mr Kikoria continues to hold 25,400 vested and unvested BGEO Shares, representing approximately 0.06% of BGEO.

On 24 and 25 February 2016, Mr Katsman sold 2,940 BGEO Shares at a price of £19.0865 per BGEO Share and 1,760 BGEO Shares at a share price of £19.3799 per BGEO Share, respectively. Following the sale of BGEO Shares, Mr Katsman continues to hold 2,550 vested and unvested BGEO Shares, representing less than 0.01% of BGEO.

This notice is given in fulfilment 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 BGEO Group PLC

BGEO Group PLC is a UK incorporated holding company of a Georgia-based banking group with an investment arm. Its primary business is the leading Georgian bank JSC Bank of Georgia, which has a market share of 33.4% (based on total assets), 32.0% (based on total loans) and 33.0% (based on client deposits). The banking business offers a broad range of retail banking, corporate banking, investment management and P&C insurance services. As of 31 December 2015, the bank served approximately 2.0 million client accounts through one of the largest distribution networks in Georgia, with 266 branches, the country's largest ATM network, comprising 746 ATMs, 2,589 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center. The investment business primarily consists of the largest healthcare group in Georgia (Georgia Healthcare Group), real estate business (m2) and utility business (Georgia Global Utilities).

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.bgeo.com or contact: 

Irakli Gilauri	Michael Oliver	Ekaterina (Eka) Shavgulidze
Group CEO	Adviser to the CEO	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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