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BGEO Bank Of Georgia Group Plc

5,290.00
90.00 (1.73%)
25 Apr 2024 - Closed
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
  90.00 1.73% 5,290.00 5,290.00 5,310.00 5,300.00 5,150.00 5,170.00 31,650 16:24:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bgeo Group PLC Director/PDMR Shareholding (1712R)

07/12/2016 7:29am

UK Regulatory


Bank Of Georgia (LSE:BGEO)
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From Apr 2019 to Apr 2024

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TIDMBGEO

RNS Number : 1712R

Bgeo Group PLC

07 December 2016

London, 7 December 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                                   George Tchiladze 
----  -------------------------------------  ------------------------------------------------------------------------- 
 b)    Position / status                      PDMR (Deputy CEO, Chief Risk Officer) 
----  -------------------------------------  ------------------------------------------------------------------------- 
 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           ordinary shares of GBP0.01 each 
       instrument                              ISIN: GB00B759CR16 
----  -------------------------------------  ------------------------------------------------------------------------- 
 c)    Nature of interest                     personally 
----  -------------------------------------  ------------------------------------------------------------------------- 
 d)    Nature of the transaction              sale of ordinary shares 
----  -------------------------------------  ------------------------------------------------------------------------- 
 e)    Dates of the transactions              1/12/2016 
    2/12/2016 
    5/12/2016 
  -------------------------------------------------------------------------------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange 
----  -------------------------------------  ------------------------------------------------------------------------- 
 g)    Price(s) and volume(s)                 Price(s)                              Volume(s) 
----  -------------------------------------  ------------------------------------  ----------------------------------- 
   GBP30.5770                                                                       5,650 
  -------------------------------------------------------------------------------  ----------------------------------- 
   GBP30.9706                                                                       22,000 
  -------------------------------------------------------------------------------  ----------------------------------- 
   GBP30.9446                                                                       50 
  -------------------------------------------------------------------------------  ----------------------------------- 
 h)    Aggregated information                 In total, 27,700 ordinary shares were sold at an average price per 
        Aggregated volume Price                ordinary share of GBP30.8902, 
                                               resulting in an aggregated volume price of GBP855,658.54. 
----  -------------------------------------  ------------------------------------------------------------------------- 
 

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          Bank of Georgia has, as of the 
  date hereof, the following credit      date hereof, the following credit 
  ratings:                               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 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHGRBDDRDGBGLR

(END) Dow Jones Newswires

December 07, 2016 02:29 ET (07:29 GMT)

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