Director/PDMR Shareholding

Released : 02 Apr 2013 17:25

RNS Number : 4019B
Bank of Georgia Holdings PLC
02 April 2013
 

London, 2 April 2013

 

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

Bank of Georgia Holdings PLC (BGH) was notified yesterday by each Person Discharging Managerial Responsibily (PDMR) listed in the table below, that s/he has exercised his/her nil cost options to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares), pursuant to the JSC Bank of Georgia (the Bank) senior  executive equity compensation plan, in the case of executive members of management, or executive equity  compensation plan, in the case of non-executive members of management. For each PDMR, BGH Shares were withheld to meet tax liabilities, as reflected below.

Name of PDMR

Date of Transaction

Options Exercised

(BGH Shares)

Tax Withholding

(BGH Shares)

Net BGH Shares Received

Avto Namichieshvili

29 March 2013

46,833

9,367

37,466

Sulkhan Gvalia

29 March 2013

34,500

6,900

27,600

Macca Ekizashvili

29 March 2013

17,417

3,483

13,934

 

 

 

 

BGH was also notified yesterday by each PDMR listed in the table below, that s/he had sold BGH shares.

Name of PDMR

Date of Transaction

Number of BGH Shares Sold

Sale Price per BGH Share (GBP)

Shares Remaining after Transaction

% Ownership Remaining in BGH

Avto Namichieshvili*

28 and 29 March 2013

40,000

10,196 BGH Shares at GBP 15.29;

29,804 BGH Shares at GBP 15.42

171,454

0.5

Macca Ekizashvili*

29 March 2013

6,250

15.29

33,851

0.1

 

 

 

*includes vested and unvested shares; does not include discretionary awards portion for the year 2012

 

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

About Bank of Georgia Holdings plc

Bank of Georgia Holdings plc is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 36.7% market share), total loans (with a 35.4% market share) and total deposits (with a 31.8% market share) as of 31 December 2012, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

 

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

Standard & Poor's

'BB-/B'


FitchRatings

'BB-/B'


Moody's

'B1/NP' (FC) & 'Ba3/NP' (LC)


For further information, please visit www.bogh.co.uk, www.bog.ge/ir or contact: 

 

Irakli Gilauri

Macca Ekizashvili


Chief Executive Officer

Head of Investor Relations


+995 322 444 109

+995 322 444 256


igilauri@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 company news service from the London Stock Exchange
 
END
 
 
RDSBLGDSSDGBGXD