Sign In
Last checked at 
11 Jun 2024 17:50
London, 11 June 2024
Notification of transactions of Directors/Persons Discharging Managerial Responsibly and Connected Persons - Replacement Announcement
The following amendments have been made to the 'Notification of transactions of Directors/Persons Discharging Managerial Responsibly and Connected Persons' announcement released on 11 June 2024 at 17:19 under RNS No. 0316S.
In section 4(b) and 4(d) of each PDMR form it stated 'deferred salary shares' however it should have stated 'discretionary deferred shares'.
The full amended text is shown below. All other details remain unchanged.
Notification of transactions of Directors/Persons Discharging Managerial Responsibly and Connected Persons
The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | Name
| Archil Gachechiladze | |
2 | Reason for the notification
| ||
a) | Position/status
| PDMR, CEO | |
b) | Initial notification/ Amendment
| Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| Bank of Georgia Group PLC | |
b) | LEI
| 213800XKDG12NQG8VC53 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument
Identification code
| Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85 | |
b) | Nature of the transaction
| Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan. 40% of the shares vest immediately and 15% will vest on each of the third, fourth, fifth and sixth anniversaries of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period. | |
c) | Price(s) and volume(s)
| Price(s)
N/A | Volume(s)
51,462 |
d) | Aggregated information - Aggregated volume - Price
| Grant of 51,462 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan. | |
e) | Date of the transaction
| 6 June 2024 | |
f) | Place of the transaction
| Outside of a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | Name
| Sulkhan Gvalia | |
2 | Reason for the notification
| ||
a) | Position/status
| PDMR, Deputy CEO, CFO | |
b) | Initial notification/ Amendment
| Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| Bank of Georgia Group PLC | |
b) | LEI
| 213800XKDG12NQG8VC53 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument
Identification code
| Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85 | |
b) | Nature of the transaction
| Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan.
40% of the shares vest immediately and 15% will vest on each of the third, fourth, fifth and sixth anniversaries of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period. | |
c) | Price(s) and volume(s)
| Price(s)
N/A | Volume(s)
22,467 |
d) | Aggregated information - Aggregated volume - Price
| Grant of 22,467 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan. | |
e) | Date of the transaction
| 6 June 2024 | |
f) | Place of the transaction
| Outside of a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | Name
| Zurab Kokosadze | |
2 | Reason for the notification
| ||
a) | Position/status
| PDMR, Deputy CEO, Corporate Banking | |
b) | Initial notification/ Amendment
| Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| Bank of Georgia Group PLC | |
b) | LEI
| 213800XKDG12NQG8VC53 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument
Identification code
| Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85 | |
b) | Nature of the transaction
| Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan.
40% of the shares vest immediately and 15% will vest on each of the third, fourth, fifth and sixth anniversaries of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period. | |
c) | Price(s) and volume(s)
| Price(s)
N/A | Volume(s)
15,736 |
d) | Aggregated information - Aggregated volume - Price
| Grant of 15,736 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan. | |
e) | Date of the transaction
| 6 June 2024 | |
f) | Place of the transaction
| Outside of a trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | Name
| Nutsa Gogilashvili | |
2 | Reason for the notification
| ||
a) | Position/status
| PDMR, Deputy CEO, Head of Mass Retail and Micro Business Banking | |
b) | Initial notification/ Amendment
| Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| Bank of Georgia Group PLC | |
b) | LEI
| 213800XKDG12NQG8VC53 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument
Identification code
| Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85 | |
b) | Nature of the transaction
| Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2023 work year pursuant to the executive equity compensation plan.
40% of the shares vest immediately and 15% will vest on each of the third, fourth, fifth and sixth anniversaries of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period. | |
c) | Price(s) and volume(s)
| Price(s)
N/A | Volume(s)
14,887 |
d) | Aggregated information - Aggregated volume - Price
| Grant of 14,887 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2024 work year pursuant to the executive equity compensation plan. | |
e) | Date of the transaction
| 6 June 2024 | |
f) | Place of the transaction
| Outside of a trading venue | |
For further information, please contact: Computershare Company Secretarial Services Limited, +44 (0) 781 250 9450
Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company Secretary
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate.
Legal Entity Identifier: 213800XKDG12NQG8VC53
For further information, please visit www.bankofgeorgiagroup.com or contact:
Michael Oliver | Nini Arshakuni |
Adviser to the CEO | Head of Investor Relations |
+44 203 178 4034 | +995 322 444 444 (7515) |
moliver@bgeo.com | ir@bgeo.com |
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
Follow the stocks
