NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
The Board of Bank of Georgia Holdings plc (BGH) was notified on 10 May 2012 by the trustee that the following awards in the form of nil cost options in respect of ordinary shares of £0.01 each in BGH (shares) were granted on 3 May 2012 under JSC Bank of Georgia's (Bank or Bank of Georgia) discretionary compensation portion of the senior executive equity compensation policy established in 2010 for the chief executive officer and top executives of the Bank (SEECP) and the executive equity compensation plan for certain other executives (EECP) in accordance with the wishes of the Board. All executives listed below are considered PDMRs. PDMRs were granted the awards in respect of strong performance during the 2011 financial year.
The SEECP provides for guaranteed and discretionary grants of securities and no cash bonuses to be paid to the executives participating in such policy. The discretionary grants of nil cost options are subject to the executive's continuous employment and a two-year straight line vesting period. The first tranche of the options will vest in 1 January 2013 and the second tranche will vest on 1 January 2014.
Details of the share awards for the PDMRs participating in the SEECP Policy are set out directly below:
Name Status Number of shares granted on 3 May 2012
Irakli Gilauri Director1 34,000
Murtaz Kikoria PDMR 18,000
Mikhail Gomarteli PDMR 29,000
Archil Gachechiladze PDMR 32,000
Vasili Revishvili PDMR 15,000
Sulkhan Gvalia PDMR 22,000
Avto Namicheishvili PDMR 35,000
Irakli Burdiladze PDMR 17,000
Irakli Gilauri was awarded such shares in respect of his role as Chief Executive Officer of JSC Bank of Georgia for the financial year ended 31 December 2011.
In addition, the below listed certain executives of the Bank and its principal subsidiaries that are considered PDMRs have been awarded shares that are subject to the continuous employment and three-year straight line vesting. The first tranche of options will vest on 1 January 2013, the second will vest on 1 January 2014 and the third will vest on 1 January 2015.
Details of the share awards for the executives participating in the EECP that are considered PDMRs are set out directly below:
Name Status Number of shares
Nikoloz Gamkrelidze PDMR 16,625
Macca Ekizashvili PDMR 14,250
Thea Jokhadze PDMR 7,600
Kakhaber Davitaia PDMR 14,250
David Vakhtangishvili PDMR 14,250
This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.