Bank Of Georgia Group Regulatory News (BGEO)

London, 6 February 2017

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The Board of BGEO Group PLC (BGEO) announces the grant on 3 February 2017 of deferred share salary awards in respect of the 2016 work year, in the form of nil-cost options over ordinary shares of BGEO (BGEO Shares) to persons discharging managerial responsibilities (PDMRs). The awards were made for nil consideration. 

The awards to the PDMRs listed below are granted under and are subject to the terms of the PDMRs' service contracts. Each service contract will state the number of deferred salary shares and set out the long-term vesting schedule. Awards are formally granted in January of the first year following the work year. 20% of the salary shares 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.

In respect of the deferred share salary awards listed below: (i) 2016: the work year; (ii) 2017: grant of the awards which are held by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the Rubicon Executive Equity Compensation Trust (Trust) until such awards vest and are capable of exercise; (iii) 2018: 20% of the salary shares vest; (iv) 2019: 20% of the salary shares vest; (v) 2020: 20% of the salary shares vest; and (vi) 2021: 40% of the salary shares vest.

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, 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.

For further information, please visit www.bgeo.com or contact: 

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