Bank of Georgia Group PLC Director/PDMR Shareholding (0218R)
June 11 2018 - 9:48AM
UK Regulatory
TIDMBGEO
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
+995 322 444 +44 203 178 +995 322 444 +995 322 444
126 4034 108 444 (9282)
k.kiknavelidze@bog.ge moliver@bgeo.com dtsiklauri@bog.ge ir@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 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 rns@lseg.com or visit www.rns.com.
END
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