Bank of Georgia Group PLC Director/PDMR Shareholding (2906M)
07 Enero 2019 - 1:00AM
UK Regulatory
TIDMBGEO
RNS Number : 2906M
Bank of Georgia Group PLC
07 January 2019
London, 7 January 2019
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY
Bank of Georgia Group PLC (the Group) announces the grant of
deferred share salary awards by Sanne Fiduciary Services Limited
(Sanne) acting as trustee of the Rubicon Executive Equity
Compensation Trust (the Trust) in respect of the 2018 work year, in
the form of nil-cost options over ordinary shares of the Group (the
Shares) to persons discharging managerial responsibilities (PDMRs).
The awards were made for nil consideration.
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities /
person closely associated
a) Name Kaha Kiknavelidze
-------------------------- -------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position / status CEO
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name BANK OF GEORGIA GROUP PLC
-------------------------- -------------------------------------------------
b) LEI 213800XKDG12NQG8VC53
-------------------------- -------------------------------------------------
4. Details of the transaction(s)
-----------------------------------------------------------------------------
a) Description of the nil cost options over ordinary shares of GBP0.01
financial instrument, each in Bank of Georgia Group PLC
type of instrument
Identification Code N/A
-------------------------- -------------------------------------------------
b) Nature of the transaction Grant of nil-cost options in respect of deferred
salary shares for the 2018 work year pursuant
to the senior executive equity compensation
plan.
20% of the salary shares will vest in each of
the second, third and fourth years following
the work year, and the remaining 40% vest in
the fifth year following the work year, subject
to the terms of his service agreement.
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 60,000
----------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Volume
- Price
- Total
-------------------------- -------------------------------------------------
e) Date of the transaction 3 January 2019
-------------------------- -------------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- -------------------------------------------------
1. Details of the person discharging managerial responsibilities /
person closely associated
a) Name David Tsiklauri
-------------------------- -------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position / status CFO
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name BANK OF GEORGIA GROUP PLC
-------------------------- -------------------------------------------------
b) LEI 213800XKDG12NQG8VC53
-------------------------- -------------------------------------------------
4. Details of the transaction(s)
-----------------------------------------------------------------------------
a) Description of the nil cost options over ordinary shares of GBP0.01
financial instrument, each in Bank of Georgia Group PLC
type of instrument
Identification Code N/A
-------------------------- -------------------------------------------------
b) Nature of the transaction Grant of nil-cost options in respect of deferred
salary shares for the 2018 work year pursuant
to the senior executive equity compensation
plan.
20% of the salary shares will vest in each of
the second, third and fourth years following
the work year, and the remaining 40% vest in
the fifth year following the work year, subject
to the terms of his service agreement.
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 35,000
----------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Volume
- Price
- Total
-------------------------- -------------------------------------------------
e) Date of the transaction 3 January 2019
-------------------------- -------------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- -------------------------------------------------
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
investment banking and wealth management operations and c) banking
operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of
Georgia", "BOG" or the "Bank"), the leading universal bank in
Georgia, is the core entity of the Group. The Group targets to
benefit from superior growth of Georgian economy through both its
retail banking and corporate investment banking services and aims
to deliver on its strategy, which is based on at least 20% ROAE and
15%-20% growth of its loan book.
JSC Bank of Georgia has, as of
the date hereof, the following
credit ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba3/NP' (FC) &
'Ba2/NP' (LC)
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Kaha Kiknavelidze Michael Oliver David Tsiklauri Natia Kalandarishvili
Group CEO Adviser to the Group CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 126 +44 203 178 4034 +995 322 444 108 (9282)
k.kiknavelidze@bog.ge moliver@bgeo.com dtsiklauri@bog.ge ir@bog.ge
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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