Director/PDMR Shareholding

Released : 24 Feb 2017 16:15

RNS Number : 8428X
Bgeo Group PLC
24 February 2017
 

London, 24 February 2017

 

 

 

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

 

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

 

Mikheil Gomarteli

b)

Position / status

PDMR

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

23 February 2017

f)

Place of the transaction

Outside of a trading venue

g)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

50,083

h)

Aggregated information

Aggregated volume Price

50,083 nil-cost options exercised

Please note that a total of 10,017 ordinary shares were withheld to meet tax liabilities, resulting in Mr Gomarteli receiving 40,066 ordinary shares.

 

 

 

Name of authorised official of issuer responsible for making notification:

 

Rebecca Wooldridge, Deputy 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
 
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