Director/PDMR Shareholding

Released : 10 Apr 2013 17:42

RNS Number : 0692C
Bank of Georgia Holdings PLC
10 April 2013
 

                                                                                                               London, 10  April 2013

 

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

 

The Board of Bank of Georgia Holdings plc (BGH) and the Supervisory Board of JSC Bank of Georgia (Bank or Bank of Georgia) announce the grant on 5 April 2013 of discretionary contingent deferred share compensation awards in respect of 2012 performance in the form of nil-cost options over ordinary shares of BGH (Grants) to persons discharging managerial responsibilities within BGH (PDMRs).  The Grants were made for nil consideration.

 

The Grants to the PDMRs listed directly below are granted under and are subject to the terms of the PDMRs' service contracts and will vest in accordance with the terms of the applicable service contract.  The options are exercisable for a period of 10 years from the date on which they vest.   

 

The following Grants will vest over a two-year period (50% of the options will vest on each of 1 January 2014 and 2015):

 

Name of PDMR

Number of ordinary shares of BGH underlying Grant

Irakli Gilauri

30,000

Nikoloz Gamkrelidze

27,000

Archil Gachechiladze

27,000

Avto Namicheishvili

27,000

Irakli Burdiladze

20,000

Mikheil Gomarteli

27,000

Murtaz Kikoria

20,000

Sulkhan Gvalia

22,000

 

 

 

 

The following Grants will vest over a three-year period (33 1/3 % of the options will vest on each of 1 January 2014, 2015 and 2016):

 

Name of PDMR

Number of ordinary shares of BGH underlying Grant

Macca Ekizashvili

11,500

David Vakhtangishvili

11,500

 

 

 

 

This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.  The Company was informed of the above transactions on 9 April 2013. 

 

Name of authorised official of issuer responsible for making notification:

 

Kate Bennett Rea, Company Secretary

10 April 2013

 


This information is provided by RNS
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