Director/PDMR Shareholding

Released : 29 Nov 2016 16:47

RNS Number : 4687Q
Bgeo Group PLC
29 November 2016
 

 

London, 29 November 2016

 

 

 

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

 

BGEO Group PLC (BGEO) was notified today, 29 November 2016, that Irakli Gilauri, the Executive Director of BGEO exercised 115,000 nil-cost options to acquire BGEO ordinary shares (BGEO Shares) and sold 140,000 BGEO Shares.

Following the above transactions, Mr Gilauri holds 513,819 vested and unvested BGEO shares, representing approximately 1.3% of BGEO. 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 

1.

DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA")

a)

Name

Irakli Gilauri

b)

Position / status

PDMR (Executive Director, BGEO Group PLC)

c)

Initial notification / amendment

initial notification

2.

DETAILS OF THE ISSUER


BGEO GROUP PLC

3.

DETAILS OF THE TRANSACTION(S)

a)

Description of the financial instrument

ordinary shares of £0.01 each

ISIN: GB00B759CR16

c)

Nature of interest

personally

d)

Nature of the transaction

exercise of nil-cost options to acquire ordinary shares pursuant to the executive equity compensation plan

e)

Date of the transaction

29 November 2016

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

115,000

h)

Aggregated information

Aggregated volume Price

115,000 nil-cost options exercised

Please note that a total of 23,000 ordinary shares were withheld to meet tax liabilities, resulting in Mr Gilauri receiving 92,000 ordinary shares.

 

 

1.

DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA")

a)

Name

Irakli Gilauri

b)

Position / status

PDMR (Executive Director, BGEO Group PLC)

c)

Initial notification / amendment

initial notification

2.

DETAILS OF THE ISSUER


BGEO GROUP PLC

3.

DETAILS OF THE TRANSACTION(S)

a)

Description of the financial instrument

ordinary shares of £0.01 each

ISIN: GB00B759CR16

c)

Nature of interest

personally

d)

Nature of the transaction

sale of ordinary shares

e)

Dates of the transactions

25/11/2016

28/11/2016

29/11/2016

f)

Place of the transaction

London Stock Exchange

g)

Price(s) and volume(s)

Price(s)

Volume(s)

£30.6443

10,753

£30.5086

29,916

£29.9177

99,331

h)

Aggregated information

Aggregated volume Price

In total, 140,000 ordinary shares were sold at average price per ordinary share of £30.0998, resulting in an aggregated volume price of £4,213,968.49.

 

 

 

Name of authorised official of issuer responsible for making notification:

 

Kate Bennett Rea, Group Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange
 
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