Bank of Georgia Group PLC Director/PDMR Shareholding (2301Y)

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RNS Number : 2301Y

Bank of Georgia Group PLC

11 May 2021

London, 11 May 2021

Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trust

Bank of Georgia Group PLC (the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the BOG Group Employee Trust (the Trust), that Sanne, through a broker-managed buyback programme, purchased in the market 29,290 Bank of Georgia Group PLC ordinary shares with a nominal value of GBP0.01 each (Shares) at an average price of GBP10.84 (rounded to two decimal points) per Share, traded on 7 May 2021 with a settlement date of 11 May 2021.

The Trust holds the Shares for the purpose of satisfying awards to be awarded to beneficiaries of the Trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under the Trust and are therefore treated as having an interest in such Shares.

Upon settlement of the above transaction, the Trust will hold a total of 424,319 Shares, representing approximately 0.86% of the Group's issued ordinary share capital.

Of the 424,319 Shares held by the Trust, 379,914 Shares are allocated to existing awards.

Name of authorised official of issuer responsible for making notification:

Link Company Matters Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking, wealth management and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book in the medium-term .

 
 JSC Bank of Georgia has, as of 
  the date hereof, the following 
  credit ratings: 
 
      Fitch Ratings      'BB-/B' 
      Moody's            'Ba2/NP' 
 

For further information, please visit www.bankofgeorgiagroup.com or contact:

 
 Archil Gachechiladze    Michael Oliver    Sulkhan Gvalia    Natia Kalandarishvili 
 CEO                     Adviser to the    CFO               Head of Investor 
                          CEO                                 Relations 
                                                             [phone] 
 [phone]        [phone]  [phone]   (9282) 
 [e-mail]   [e-mail]  [e-mail]    [e-mail] 
 

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

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May 11, 2021 05:27 ET (09:27 GMT)