Director/PDMR Shareholding

Released : 21 Feb 2014 15:01

RNS Number : 6735A
Bank of Georgia Holdings PLC
21 February 2014
 

London, 21 February 2014

 

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

 

Bank of Georgia Holdings PLC (BGH) was notified on 21 February 2014 by each Person Discharging Managerial Responsibility (PDMR) listed in the table below, that he has exercised his/her nil cost options to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) on 19 February 2014, 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

Options Exercised (BGH Shares)

Tax Withholding (BGH Shares)

Net BGH Shares Received

Nick Gamkrelidze

27,375

5,476

21,899

Irakli Burdiladze

33,500

6,700

26,800

Mikheil Gomarteli

43,000

8,600

34,400

Murtaz Kikoria

34,000

6,800

27,200

 

BGH was also notified on 21 February that each PDMR listed in the table below had sold BGH ordinary shares (BGH Shares).

Name of PDMR

Date of Transaction

Number of BGH Shares Sold

Sale Price per BGH Share (£)

Shares Remaining after Transaction*

% Ownership remaining in BGH

Nick Gamkrelidze

19 February 2014

17,317

24.15

73,624

0.2%

Irakli Burdiladze

19 February 2014

20 February 2014

6,100

20,700

24.02

24.15

80,000

0.2%

Murtaz Kikoria

20 February 2014

26,200

24.12

105,000

0.3%

*includes vested and unvested shares


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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