Director/PDMR Shareholding

Released : 22 May 2014 07:00

RNS Number : 7600H
Bank of Georgia Holdings PLC
22 May 2014
 

                                                                                                               London, 22 May 2014

 

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 21 May 2014 of discretionary deferred share compensation awards in the form of nil-cost options over ordinary shares of BGH  to persons discharging managerial responsibilities (PDMRs).  The awards were made for nil consideration.

 

The PDMRs listed in the table below were awarded discretionary deferred share compensation in respect of 2013 performance. Such  compensation is dependent on both Group performance and the PDMR achieving his key performance indicators. The awards will vest over a three-year period (33 1/3 % of the options will vest on each of 1 January 2015, 2016 and 2017).

 





 

Name of PDMR

Number of ordinary shares of BGH underlying award

David Vakhtangishvili

7,475

Macca Ekizashvili

7,475

Giorgi Chiladze

1,500

 

 

 

 

BGH and the Bank also announce that Sascha Ternes was granted 1,000 deferred shares in the form of nil-cost options over ordinary shares on 21 May 2014 pursuant to the terms of his recently executed service agreement with the Bank. This award will vest over a three-year period (33 1/3 % of the options will vest on each of 31 March 2015, 2016 and 2017).

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 34.1% market share), total loans (with a 31.7% market share) and client deposits (with a 30.2% market share) as of 31 March 2014, 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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