Director/PDMR Shareholding

Released : 05 Feb 2014 15:59

RNS Number : 3953Z
Bank of Georgia Holdings PLC
05 February 2014
 

London, 5 February 2014

 

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

 

The Board of Bank of Georgia Holdings plc (BGH) was notified on 3 February 2014 by the trustee that the deferred share salary, which constitutes fixed compensation in the form of nil cost options in respect of ordinary shares of BGH (Shares), for each of the PDMRs listed below was granted on 28 January 2014 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 the Bank's Supervisory Board.

 

Pursuant to the Bank's remuneration policy, the nil-cost options in respect of Shares are awarded annually over such number of BGH shares as is stated in the executive's service contract with the Bank. The awards in respect of the 2013 work year will vest as follows: 20% on each of 1 January 2015, 1 January 2016 and 1 January 2017, with the remaining 40% vesting on 1 January 2018.

 

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

Nikoloz Gamkrelidze

30,000

Archil Gachechiladze

30,000

Avto Namicheishvili

30,000

Irakli Burdiladze

25,000

Mikheil Gomarteli

25,000

Murtaz Kikoria

25,000

Sulkhan Gvalia

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

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 33.8% market share), total loans (with a 32.5% market share) and total deposits (with a 30.4% market share) as of 31 December 2013, 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.bgh.co.uk, www.bog.ge/ir or contact: 

 

Irakli Gilauri

Nikoloz Gamkrelidze

Macca Ekizashvili

Chief Executive Officer

Deputy CEO, Finance

Head of Investor Relations

+995 322 444 109

+995 322 444 126

         +995 322 444 256

igilauri@bog.ge

ngamkrelidze@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
 
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