Director/PDMR Shareholding

Released : 14 Oct 2019 14:27

RNS Number : 8171P
Bank of Georgia Group PLC
14 October 2019
 

 

 

 

 

 

London, 14 October 2019

 

 

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 70,000 Bank of Georgia Group PLC ordinary shares with a nominal value of £0.01 each (Shares) at a price of £12.78 (rounded to two decimal points) per Share, traded on 11 October 2019 with a settlement date of 15 October 2019.

 

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 1,199,392 Shares, representing approximately 2.44% of the Group's issued ordinary share capital.

 

Of the 1,199,392 Shares held by the Trust, 1,049,246 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 and 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 the Georgian economy through both its retail banking and corporate and investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and c.15% 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:

 

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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