Bgeo Group PLC Director/PDMR Shareholding (1712R)
December 07 2016 - 1:29AM
UK Regulatory
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
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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
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GBP30.9446 50
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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
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