Bank of Georgia Group PLC Director/PDMR Shareholding (0218R)

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RNS Number : 0218R

Bank of Georgia Group PLC

11 June 2018

London, 11 June 2018

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

Bank of Georgia Group PLC (BOGG or the Group) was notified by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the Rubicon Executive Equity Compensation Trust (Trust), that Sanne, through an independent broker-managed buyback programme, purchased in the market 40,000 BGEO ordinary shares of GBP0.01 each (Shares) at a price of GBP20.52 (rounded to two decimal points) per Share, traded on 8 June 2018 with a settlement date of 12 June 2018.

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 1,265,007 Shares, representing approximately 2.57% of BOGG's issued ordinary share capital.

Of the 1,265,007 Shares held by the Trust, 1,051,862 Shares are to be allocated to existing awards, both vested and unvested.

Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, 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 investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from the underpenetrated banking sector in Georgia through both its retail banking and corporate investment banking services and aims to deliver on its strategy: (1) at least 20% ROAE, and (2) 15%-20% growth of its loan book.

 
 JSC Bank of Georgia has, 
  as of the date hereof, 
  the following credit ratings: 
 
      Fitch Ratings   'BB-/B' 
      Moody's         'Ba3/NP' (FC) 
                       & 'Ba2/NP' 
                       (LC) 
 

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

 
 Kaha Kiknavelidze       Michael Oliver     David Tsiklauri    Natia Kalandarishvili 
 Group CEO               Adviser to         Group CFO          Head of Investor 
                          the CEO                               Relations 
 [phone]            [phone]        [phone]       [phone] 
  126                     4034               108                444 (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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 11, 2018 10:48 ET (14:48 GMT)