Director/PDMR Shareholding

Released : 23 Feb 2016 14:48

RNS Number : 9091P
Bgeo Group PLC
23 February 2016



London, 23 February 2016





BGEO Group Plc (BGEO) was notified on Friday, 19 February 2016, that Tornike Gogichaishvili, a Person Discharging Managerial Responsibility (PDMR), had sold a total of 5,101 BGEO ordinary shares (BGEO Shares). On 18 February 2016, Mr Gogichaishvili sold 3,353 BGEO Shares at a price of £19.39 per BGEO Share and on 19 February 2016, he sold 1,748 BGEO Shares at a price of £19.25 per BGEO Share. Following the sale of BGEO Shares, Mr Gogichaishvili continues to hold 2,541 vested and unvested BGEO Shares, representing less than 0.01% of BGEO.


BGEO was notified yesterday that Murtaz Kikoria, a PDMR, exercised 29,000 nil cost options on 19 February 2016 to acquire BGEO Shares with a nominal value of £0.01 per share pursuant to the executive equity compensation plan. A total of 5,800 BGEO Shares were withheld to meet tax liabilities, resulting in Mr Kikoria receiving 23,200 BEGO Shares.


BGEO was notified today that Levan Dadiani, a PDMR, had sold 1,782 BGEO Shares at a price of £18.50 per BGEO Share on 17 February 2016. Following the sale of BGEO Shares, Mr Dadiani continues to hold 2,442 vested and unvested BGEO Shares, representing less than 0.01% of BGEO.



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 BGEO Group PLC

BGEO Group PLC is a UK incorporated holding company of a Georgia-based banking group with an investment arm. Its primary business is the leading Georgian bank JSC Bank of Georgia, which has a market share of 33.4% (based on total assets), 32.0% (based on total loans) and 33.0% (based on client deposits). The banking business offers a broad range of retail banking, corporate banking, investment management and P&C insurance services. As of 31 December 2015, the bank served approximately 2.0 million client accounts through one of the largest distribution networks in Georgia, with 266 branches, the country's largest ATM network, comprising 746 ATMs, 2,589 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center. The investment business primarily consists of the largest healthcare group in Georgia (Georgia Healthcare Group), real estate business (m2) and utility business (Georgia Global Utilities).


Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's





'B1/NP' (FC) & 'Ba3/NP' (LC)


For further information, please visit or contact: 

Irakli Gilauri

Michael Oliver

Ekaterina (Eka) Shavgulidze

Group CEO

Adviser to the CEO

Head of Investor Relations

+995 322 444 109

          +44 203 178 4034

         +995 322 444 205



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


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The company news service from the London Stock Exchange