Director/PDMR Shareholding

Released : 01 Feb 2013 16:47

RNS Number : 9787W
Bank of Georgia Holdings PLC
01 February 2013
 

                                                                                                                London, 1 February 2013

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

 

The Board of Bank of Georgia Holdings plc (BGH) was notified on 31 January 2013 by the trustee that the awards in the form of nil cost options in respect of ordinary shares of BGH (Shares) were granted to the PDMRs listed below on the same day under JSC Bank of Georgia's (Bank or Bank of Georgia) senior executive equity compensation policy established in 2010 for the chief executive officer and top executives of the Bank of Georgia group (SEECP), in accordance with the wishes of Bank of Georgia board.

 

The grants of nil cost options in respect of BGH Shares for the year 2012 are subject to a four-year vesting period and to the executive's continuous employment. 20% of each award listed below will vest on 1 January 2014, 1 January 2015 and 1 January 2016, with the remaining 40% vesting on 1 January 2017. The equity compensation policy envisages no cash bonuses to be paid to the participating executives.

 

Details of the grants of the nil costs options in respect of BGH Shares for the PDMRs participating in the SEECP are set out directly below:

 

Name of PDMR

Number of Shares Granted

Irakli Gilauri

90,000

Archil Gachechiladze

30,000

Avto Namicheishvili

30,000

Vasil Revishvili

30,000

Irakli Burdiladze

25,000

Mikheil Gomarteli

25,000

Murtaz Kikoria

25,000

Sulkhan Gvalia

25,000

Nikoloz Gamkrelidze

25,000

 

 

 

 

This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.

 

Name of authorised official of issuer responsible for making notification:

 

Kate Bennett Rea, Company Secretary

 


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