Director/PDMR Shareholding

Released : 07 Feb 2017 08:47

RNS Number : 2156W
Bgeo Group PLC
07 February 2017
 

 

 

 

 

London, 7 February 2017

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

 

The notifications set out below are 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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

90,000

h)

Aggregated information

Aggregated volume Price

Grant of 90,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Kaha Kiknavelidze

b)

Position / status

PDMR (CEO, JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

11,667

h)

Aggregated information

Aggregated volume Price

Grant of 11,667 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Levan Kulijanishvili

b)

Position / status

PDMR (Deputy CEO, JSC BGEO Group and JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

18,000

h)

Aggregated information

Aggregated volume Price

Grant of 18,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Archil Gachechiladze

b)

Position / status

PDMR (incoming CEO, JSC GGU Group; Deputy CEO, JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

35,000

h)

Aggregated information

Aggregated volume Price

Grant of 35,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Mikheil Gomarteli

b)

Position / status

PDMR (Deputy CEO, JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

30,000

h)

Aggregated information

Aggregated volume Price

Grant of 30,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Avtandil Namicheishvili

b)

Position / status

PDMR (Deputy CEO, JSC BGEO Group and JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

30,000

h)

Aggregated information

Aggregated volume Price

Grant of 30,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Irakli Burdiladze

b)

Position / status

PDMR (CEO, JSC m2 Real Estate)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

30,000

h)

Aggregated information

Aggregated volume Price

Grant of 30,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Tornike Gogichaishvili

b)

Position / status

PDMR (Deputy CEO, JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

18,000

h)

Aggregated information

Aggregated volume Price

Grant of 18,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Alexander Katsman

b)

Position / status

PDMR (Deputy CEO, JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

18,000

h)

Aggregated information

Aggregated volume Price

Grant of 18,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Vasil Khodeli

b)

Position / status

PDMR (JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,000

h)

Aggregated information

Aggregated volume Price

Grant of 12,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Giorgi Chiladze

b)

Position / status

PDMR (Deputy CEO, JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of his service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

18,000

h)

Aggregated information

Aggregated volume Price

Grant of 18,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

1.

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

a)

Name

Ekaterina Shavgulidze

b)

Position / status

PDMR (JSC Bank of Georgia)

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

Grant of nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan.

20% of the salary shares will vest in each of the second, third and fourth years following the work year, and the remaining 40% vest in the fifth year following the work year, subject to the terms of her service agreement.

 

e)

Date of the transaction

3 February 2017

f)

Place of the transaction

outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

18,000

h)

Aggregated information

Aggregated volume Price

Grant of 18,000 nil-cost options over ordinary shares in respect of deferred salary shares for the 2016 work year pursuant to the executive equity compensation plan. Vesting will not begin to start until 2018.

 

 

 

 

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Group Company Secretary

 

About BGEO Group PLC

The Group: BGEO Group PLC ("BGEO" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company of a Georgia-focused investment platform. BGEO invests in the banking and non-banking sectors in Georgia (BGEO and its subsidiaries, the "Group"). BGEO aims to deliver on a 4x20 strategy: at least 20% ROAE and at least 20% growth of retail loan book in Banking Business, and at least 20% IRR and up to 20% of the Group's profit from Investment Business.

Banking Business: Our Banking Business comprises at least 80% of the Group's profit and consists of Retail Banking, Corporate Banking and Investment Management businesses at its core and other banking businesses such as P&C Insurance, Leasing, Payment Services and Banking operations in Belarus ("BNB"). The Group strives to benefit from the underpenetrated banking sector in Georgia especially through its Retail Banking services. JSC Bank of Georgia ("BOG" or the "Bank") is the main entity in the Group's Banking Business.

Investment Business: Our Investment Business comprises up to 20% of the Group's profit and consists of Georgia Healthcare Group (Healthcare Business) - an LSE (London Stock Exchange PLC) premium listed company, m2 Real Estate (Real Estate Business), Georgia Global Utilities (Utility Business or GGU) and Teliani Valley (Beverage Business). Georgia's fast-growing economy provides opportunities in a number of underdeveloped markets and the Group is well positioned to capture growth opportunities in the Georgian corporate sector.

 

JSC BGEO Group has, as of the date hereof, the following credit ratings:

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





Fitch Ratings

'BB-/B'

Fitch Ratings

'BB-/B'

Moody's

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

Moody's

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

 

For further information, please visit www.bgeo.com 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

igilauri@bog.ge

          moliver@bog.ge

          eshavgulidze@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
 
END
 
 
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