Director/PDMR Shareholding

RNS Number : 4687Q

Bgeo Group PLC

29 November 2016

 

London, 29 November 2016

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

BGEO Group PLC (BGEO) was notified today, 29 November 2016, that Irakli Gilauri, the Executive Director of BGEO exercised 115,000 nil-cost options to acquire BGEO ordinary shares (BGEO Shares) and sold 140,000 BGEO Shares.

Following the above transactions, Mr Gilauri holds 513,819 vested and unvested BGEO shares, representing approximately 1.3% of BGEO. 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA")
a)	Name	Irakli Gilauri
b)	Position / status	PDMR (Executive Director, BGEO Group PLC)
c)	Initial notification / amendment	initial notification
2.	DETAILS OF THE ISSUER
	BGEO GROUP PLC
3.	DETAILS OF THE TRANSACTION(S)
a)	Description of the financial instrument	ordinary shares of £0.01 each ISIN: GB00B759CR16
c)	Nature of interest	personally
d)	Nature of the transaction	exercise of nil-cost options to acquire ordinary shares pursuant to the executive equity compensation plan
e)	Date of the transaction	29 November 2016
f)	Place of the transaction	outside of a trading venue
g)	Price(s) and volume(s)	Price(s) Volume(s) Nil 115,000
h)	Aggregated information Aggregated volume Price	115,000 nil-cost options exercised Please note that a total of 23,000 ordinary shares were withheld to meet tax liabilities, resulting in Mr Gilauri receiving 92,000 ordinary shares.

1.	DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA")
a)	Name	Irakli Gilauri
b)	Position / status	PDMR (Executive Director, BGEO Group PLC)
c)	Initial notification / amendment	initial notification
2.	DETAILS OF THE ISSUER
	BGEO GROUP PLC
3.	DETAILS OF THE TRANSACTION(S)
a)	Description of the financial instrument	ordinary shares of £0.01 each ISIN: GB00B759CR16
c)	Nature of interest	personally
d)	Nature of the transaction	sale of ordinary shares
e)	Dates of the transactions	25/11/2016 28/11/2016 29/11/2016
f)	Place of the transaction	London Stock Exchange
g)	Price(s) and volume(s)	Price(s)	Volume(s)
		£30.6443	10,753
		£30.5086	29,916
		£29.9177	99,331
h)	Aggregated information Aggregated volume Price	In total, 140,000 ordinary shares were sold at average price per ordinary share of £30.0998, resulting in an aggregated volume price of £4,213,968.49.

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Group Company Secretary

 

END

 

 

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