Last checked at 7 Feb 2017 08:47
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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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.
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e) | Date of the transaction | 3 February 2017 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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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