24 Feb 2017 08:53
London, 24 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 Burdiladze | ||||
b) | Position / status | PDMR (Head of Corporate Banking) | ||||
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 | 22 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 | 50,833 nil-cost options exercised Please note that a total of 10,167 ordinary shares were withheld to meet tax liabilities, resulting in Mr Burdiladze receiving 40,666 ordinary shares.
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1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | |
a) | Name |
DAVID TSIKLAURI |
b) | Position / status | PDMR, Deputy CEO, Corporate Investment Banking |
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 | Nil cost options over ordinary shares of £0.01 each ISIN: GB00B759CR16 | ||||
c) | Nature of interest | Personally | ||||
d) | Nature of the transaction | Grant of nil-cost options over deferred ordinary shares pursuant to the executive equity compensation plan.
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e) | Date of the transaction | 21 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 62,500 nil-cost options over deferred ordinary shares pursuant to the executive equity compensation plan.
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1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | |
a) | Name | Tornike Gogichaishvili |
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 | Sale of ordinary shares
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e) | Date of the transaction | 22 February 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 | 12,192 shares were sold at a price per share of £29.3768 The aggregated volume price is £358,161.94 |
1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | |||||
a) | Name |
RAMAZ KUKULADZE | ||||
b) | Position / status | PDMR, Deputy CEO, Retail Banking | ||||
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 | Nil cost options over shares of £0.01 each ISIN: GB00B759CR16 | ||||
c) | Nature of interest | Personally | ||||
d) | Nature of the transaction | Grant of nil-cost options over deferred ordinary shares pursuant to the executive equity compensation plan.
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e) | Date of the transaction | 21 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 10,000 nil-cost options over deferred ordinary shares pursuant to the executive equity compensation plan.
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1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | |||||
a) | Name |
Levan Kulijanishvili | ||||
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 to acquire ordinary shares pursuant to the executive equity compensation plan | ||||
e) | Date of the transaction | 22 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 | 18,401 nil-cost options exercised Please note that a total of 3,598 ordinary shares were withheld to meet tax liabilities, resulting in Mr Kulijanishvili receiving 14,443 ordinary shares.
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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: | ||
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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
Bank Of Georgia Group (BGEO)