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Bank of Georgia Grp (BGEO)

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Monday 19 April, 2021

Bank of Georgia Grp

Director/PDMR Shareholding

RNS Number : 8829V
Bank of Georgia Group PLC
19 April 2021
 

 

 

 

 

London, 19 April 2021

 

 

 

Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trust

 

 

Bank of Georgia Group PLC (the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of The Rubicon Executive Equity Compensation Trust (the Trust), that Sanne, through an independent broker, purchased in the market 43,801 Bank of Georgia Group PLC ordinary shares with a nominal value of 0.01 each (Shares) at a price of 11.25 (rounded to two decimal points) per Share, traded on 16 April 2021 with a settlement date of 20 April 2021.

 

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 917,470 Shares, representing approximately 1.87% of the Group's issued ordinary share capital.

 

Of the 917,470 Shares held by the Trust, all Shares are allocated to existing awards.

 

 

 

 

 

Name of authorised official of issuer responsible for making notification: 

Link Company Matters Limited, Company Secretary

 

About Bank of Georgia Group PLC

 

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking, wealth management and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book in the medium-term .

 

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:



Fitch Ratings

'BB-/B'

Moody's

'Ba2/NP'

 

For further information, please visit  www.bankofgeorgiagroup.com  or contact:

 

Archil Gachechiladze

Michael Oliver

Sulkhan Gvalia

Natia Kalandarishvili

CEO

Adviser to the CEO

CFO

Head of Investor Relations

+995 322 444 144

+44 203 178 4034

+995 322 444 108

+995 322 444 444 (9282)

[email protected]

[email protected]

[email protected]

[email protected]

 

  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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