29 Nov 2016 07:37
London, 29 November 2016
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 | Archil Gachechiladze | ||||
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 | exercise of nil-cost options to acquire ordinary shares pursuant to the executive equity compensation plan | ||||
e) | Date of the transaction | 28 November 2016 | ||||
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 | 97,500 nil-cost options exercised Please note that a total of 19,500 ordinary shares were withheld to meet tax liabilities, resulting in Mr Gachechiladze receiving 78,000 ordinary shares.
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Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea, Group Company Secretary
Bank Of Georgia Group (BGEO)