23 Jan 2018 07:00
London, 23 January 2018
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
The Board of BGEO Group PLC (BGEO) announces the grant of deferred share salary awards by Sanne Fiduciary Services Limited acting as trustee of the Rubicon Executive Equity Compensation Trust in respect of the 2017 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 recipients were notified of their awards by Sanne during the week commencing 15 January 2018 and the corresponding notifications of transactions have been made to the BGEO.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Irakli Gilauri | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | CEO | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name
| BGEO GROUP PLC
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b) | LEI: | 2138003B6YI9N5H99688
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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 BGEO Group PLC
N/A | ||||||
b) | Nature of the transaction | Grant of nil-cost options in respect of deferred salary shares for the 2017 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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c) | Price(s) and volume(s) |
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d) | Aggregated information - Volume - Price - Total | N/A | ||||||
e) | Date of the transaction | 8 January 2018
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f)
| Place of the transaction | Outside of a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Kaha Kiknavelidze | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | CEO of the Bank | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name
| BGEO GROUP PLC
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b) | LEI: | 2138003B6YI9N5H99688
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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 BGEO Group PLC
N/A | ||||||
b) | Nature of the transaction | Grant of nil-cost options in respect of deferred salary shares for the 2017 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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c) | Price(s) and volume(s) |
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d) | Aggregated information - Volume - Price - Total | N/A | ||||||
e) | Date of the transaction | 8 January 2018
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f)
| Place of the transaction | Outside of a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Avtandil Namicheishvili | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Group General Counsel | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name
| BGEO GROUP PLC
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b) | LEI: | 2138003B6YI9N5H99688
| ||||||
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 BGEO Group PLC
N/A | ||||||
b) | Nature of the transaction | Grant of nil-cost options in respect of deferred salary shares for the 2017 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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c) | Price(s) and volume(s) |
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d) | Aggregated information - Volume - Price - Total | N/A | ||||||
e) | Date of the transaction | 8 January 2018
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f)
| Place of the transaction | Outside of a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Ekaterina Shavgulidze | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Group Head of Business Development | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name
| BGEO GROUP PLC
| ||||||
b) | LEI: | 2138003B6YI9N5H99688
| ||||||
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 BGEO Group PLC
N/A | ||||||
b) | Nature of the transaction | Grant of nil-cost options in respect of deferred salary shares for the 2017 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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c) | Price(s) and volume(s) |
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d) | Aggregated information - Volume - Price - Total | N/A | ||||||
e) | Date of the transaction | 8 January 2018
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f)
| Place of the transaction | Outside of a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | David Tsiklauri | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | CFO of the Bank | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name
| BGEO GROUP PLC
| ||||||
b) | LEI: | 2138003B6YI9N5H99688
| ||||||
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 BGEO Group PLC
N/A | ||||||
b) | Nature of the transaction | Grant of nil-cost options in respect of deferred salary shares for the 2017 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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c) | Price(s) and volume(s) |
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d) | Aggregated information - Volume - Price - Total | N/A | ||||||
e) | Date of the transaction | 8 January 2018
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f)
| Place of the transaction | Outside of a trading venue | ||||||
Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, Company Secretary
LEI: 2138003B6YI9N5H99688
Bank Of Georgia Group (BGEO)