Director/PDMR Shareholding

Released : 08 Apr 2015 17:49

RNS Number : 6710J
Bank of Georgia Holdings PLC
08 April 2015
 

                                                                                                                                London, 8 April 2015

 

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 8 April 2015 of discretionary deferred share compensation awards in respect of 2014 performance 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. 

 

Discretionary deferred share compensation is dependent on both Group performance and the PDMR achieving his key performance indicators. The awards to the PDMRs listed directly below are granted under and are subject to the terms of the PDMRs' service contracts and will vest over a two-year period (50% will vest on 1 January 2016 and 50% will vest on 1 January 2017).

 

 

Name of PDMR

Number of ordinary shares of BGH underlying award

Irakli Gilauri

25,000

Nikoloz Gamkrelidze

19,000

Archil Gachechiladze

19,000

Avto Namicheishvili

17,500

Irakli Burdiladze

19,000

Mikheil Gomarteli

21,000

Murtaz Kikoria

21,000

Sulkhan Gvalia

12,000

 

 

 

 

 

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 35.5% market share), total loans (with a 34.9% market share) and client deposits (with a 31.5% market share) as of 31 December 2014, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia and includes Privatbank's market shares. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance and healthcare services to its clients. As of 31 December 2014, the Bank served approximately 1.5 million client accounts through one of the largest distribution networks in Georgia, with 219 branches, the country's largest ATM network, comprising 523 ATMs, 2.239 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center.

 

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

Murtaz Kikoria

Ekaterina Shavgulidze

Chief Executive Officer

Deputy CEO, Finance

Head of Investor Relations

+995 322 444 109

+995 322 444 126

         +995 322 444 117

igilauri@bog.ge

mkikoria@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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