Bank of Georgia Group PLC Director/PDMR Shareholding (8705S)

TIDMBGEO

RNS Number : 8705S

Bank of Georgia Group PLC

18 July 2022

London, 15 July 2022

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

Bank of Georgia Group PLC (the "Group") was notified by Sanne Fiduciary Services Limited ( "Sanne"), acting as trustee as below, that Sanne, through an independent broker, carried out the following purchases in the Group's ordinary shares with a nominal value of GBP0.01 each (Shares) on the London Stock Exchange:

 
 Sanne Fiduciary Services Limited acting as trustee of the Rubicon 
  Executive Equity Compensation Trust: 
 Number of Shares acquired                                  77,412 
                                                           ------------- 
 Average price paid per Share (rounded to two decimal       GBP14.02 
  points) 
                                                           ------------- 
 Date of transaction                                        15 July 2022 
                                                           ------------- 
 Settlement date of transaction                             19 July 2022 
                                                           ------------- 
 Number of Shares held by the Trust following settlement 
  of the above transaction                                  1,754,369 
                                                           ------------- 
 Number of Shares allocated to existing awards              1,274,652 
                                                           ------------- 
 Percentage of the Group's issued share capital (rounded 
  to two decimal points)                                    3.57% 
                                                           ------------- 
 
 
 Sanne Fiduciary Services Limited acting as trustee of the BOG Group 
  Employee Trust: 
 Number of Shares acquired                                  27,000 
                                                           ------------- 
 Average price paid per Share (rounded to two decimal       GBP14.02 
  points) 
                                                           ------------- 
 Date of transaction                                        15 July 2022 
                                                           ------------- 
 Settlement date of transaction                             19 July 2022 
                                                           ------------- 
 Number of Shares held by the Trust following settlement 
  of the above transaction                                  654,480 
                                                           ------------- 
 Number of Shares allocated to existing awards              352,208 
                                                           ------------- 
 Percentage of the Group's issued share capital (rounded 
  to two decimal points)                                    1.33% 
                                                           ------------- 
 

Rubicon Executive Equity Compensation Trust and BOG Group Employee Trust hold Shares for the purpose of satisfying awards to be awarded to beneficiaries of each trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under these trusts and are therefore treated as having an interest in such Shares.

For further information, upon settlement of the above transactions, the two trusts will hold a total of 2,408,849 Shares, representing approximately 4.9% of the Group's issued ordinary share capital.

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" and on the LSE: BGEO LN) is a UK incorporated holding company. The Group mainly comprises: a) retail banking and payment business (Retail Banking); and b) corporate banking and investment banking operations (Corporate and Investment Banking) in Georgia. JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a systematically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in the payments business and financial mobile application, with strong retail and corporate banking franchises. In line with our digital strategy, the Group focuses on expanding technological and advanced data analytics capabilities to offer more personalised solutions and seamless experiences to our customers. Employee empowerment, customer satisfaction, and data-driven decision-making, together with the strength of the banking franchise, are key enablers of the Group's sustainable value creation. By building on its competitive strengths and uncovering more opportunities, the Group is committed to delivering strong profitability sustainably and maximising shareholder value. The Group expects to benefit from the growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking operations, it aims to deliver on its strategy and its key medium-term objectives at least 20% return on average equity (ROAE) and c.10% 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              'Ba2/NP' 
 

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

 
 Archil Gachechiladze    Michael Oliver    Sulkhan Gvalia    Nini Arshakuni 
 CEO                     Adviser to the    CFO               Head of Investor 
                          CEO                                 Relations 
                                                             [phone] 
 [phone]        [phone]  [phone]   (7515) 
 [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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEVLFFLDLZBBZ

(END) Dow Jones Newswires

July 18, 2022 11:46 ET (15:46 GMT)