Director/PDMR Shareholding

RNS Number : 8811Y

Georgia Capital PLC

28 August 2018

 

 28 August 2018

Georgia Capital announces market purchase of shares for its Employee Benefit Trust

Georgia Capital PLC (CGEO or the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the JSC Georgia Capital Executive Equity Compensation Trust (the Trust), that Sanne, through an independent broker-managed buyback programme, purchased in the market 35,000 CGEO ordinary shares with a nominal value of £0.01 each (Shares) at a price of £10.28 (rounded to two decimal points) per Share, traded on 24 August 2018 with a settlement date of 29 August 2018.

The Trust holds the Shares for the purpose of satisfying awards to be awarded to beneficiaries of the Trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under the Trust and are therefore treated as having an interest in such Shares. Upon settlement of the above transaction, the Trust will hold a total of 1,539,654 Shares, representing approximately 4.01% of CGEO's issued ordinary share capital.

Of the 1,539,654 Shares held by the Trust, 289,500 Shares are allocated to existing awards.

Name of authorised official of issuer responsible for making notification: 

Link Company Matters Limited, Company Secretary

 

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