Last checked at 28 Mar 2017 16:30
London, 28 March 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 | Irakli Gilauri | ||||
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. | ||||
e) | Date of the transaction | 27 March 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 | 126,000 nil-cost options exercised. Please note that a total of 25,200 ordinary shares were withheld to meet tax liabilities, resulting in me receiving 100,800 ordinary shares.
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1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | |||||
a) | Name |
Neil Janin | ||||
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 | Acquisition of ordinary shares. | ||||
e) | Date of the transaction | 20 March 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
g) | Price(s) and volume(s) |
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h) | Aggregated information Aggregated volume Price | 3,500 ordinary shares were purchased at a price per ordinary share of £30.59. The aggregated volume price is £107,065. | ||||
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 | Giorgi Alpaidze |
Group CEO | Adviser to the CEO | Head of Investor Relations |
+995 322 444 109 | +44 203 178 4034 | +995 322 444 444 (ext. 3979) |
igilauri@bog.ge | moliver@bog.ge | g.alpaidze@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