Director/PDMR Shareholding

RNS Number : 5596U

Bgeo Group PLC

07 April 2016

 

London, 7 April 2016

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

The Board of BGEO Group PLC (BGEO) announces the grant on 7 April 2016 of discretionary deferred share compensation awards in respect of 2015 performance in the form of nil-cost options over ordinary shares of BGEO (BGEO Shares) to persons discharging managerial responsibilities (PDMRs).  The awards were made for nil consideration. 

Discretionary deferred share compensation is dependent on both Group performance and the PDMR achieving his or her key performance indicators. The awards to the PDMRs listed directly below are granted under and are subject to the terms of the PDMRs' service contracts and will vest over a two-year period (50% will vest on 1 January 2017 and 50% will vest on 1 January 2018).

Name	Number of BGEO Shares in respect of discretionary deferred compensation
Irakli Gilauri	47,000
Murtaz Kikoria	27,500
Archil Gachechiladze	30,000
Mikheil Gomarteli	28,500
Avtandil Namicheishvili	32,000
Irakli Burdiladze	32,000
Levan Kulijanishvili	14,000
Tornike Gogichaishvili	9,000
Alexander Katsman	13,000
Vasil Khodeli	12,000
Giorgi Chiladze	18,000
Ekaterina Shavgulidze	12,500
Sulkhan Gvalia	15,000

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 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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