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BGEO Bank Of Georgia Group Plc

5,080.00
185.00 (3.78%)
Last Updated: 12:09:52
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bank Of Georgia Group Plc LSE:BGEO London Ordinary Share GB00BF4HYT85 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  185.00 3.78% 5,080.00 5,060.00 5,080.00 5,080.00 4,830.00 4,830.00 24,011 12:09:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bgeo Group PLC Director/PDMR Shareholding (7339Z)

16/03/2017 3:50pm

UK Regulatory


Bank Of Georgia (LSE:BGEO)
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TIDMBGEO

RNS Number : 7339Z

Bgeo Group PLC

16 March 2017

London, 16 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 
                                                  Archil Gachechiladze 
---  ----------------------------------------  ----------------------------------------------------------------------- 
 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 GBP0.01 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                   15 March 2017 
---  ----------------------------------------  ----------------------------------------------------------------------- 
 f)   Place of the transaction                  Outside of a trading venue 
---  ----------------------------------------  ----------------------------------------------------------------------- 
 g)   Price(s) and volume(s)                     Price(s)    Volume(s) 
                                                 ----------  ---------- 
                                                  Nil         54,833 
                                                 ----------  ---------- 
---  ----------------------------------------  ----------------------------------------------------------------------- 
 h)   Aggregated information                    54,833 nil-cost options exercised 
       Aggregated volume Price                  Please note that a total of 10,967 ordinary shares were withheld to 
                                                meet tax liabilities, 
                                                resulting in Mr Gachechiladze receiving 43,866 ordinary shares. 
---  ----------------------------------------  ----------------------------------------------------------------------- 
 

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               Bank of Georgia has, as 
  of the date hereof, the              of the date hereof, the 
  following credit ratings:            following credit ratings: 
 
      Fitch Ratings   'BB-/B'              Fitch Ratings   'BB-/B' 
      Moody's         B1/NP (FC)           Moody's         'B1/NP' (FC) 
                       & B1/NP (LC)                         & '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               Head of Investor 
                               CEO                          Relations 
                                                                 +995 322 444 
      +995 322 444 109             +44 203 178 4034               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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 16, 2017 11:50 ET (15:50 GMT)

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