Bank of Georgia Group PLC Director/PDMR Shareholding (9224T)
November 29 2021 - 8:33AM
UK Regulatory
TIDMBGEO
RNS Number : 9224T
Bank of Georgia Group PLC
29 November 2021
London, 29 November 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
Rubicon Executive Equity Compensation Trust (the Trust), that
Sanne, through an independent broker, purchased in the market
38,679 Bank of Georgia Group PLC ordinary shares with a nominal
value of GBP0.01 each (Shares) at a price of GBP16.27 (rounded to
two decimal points) per Share, traded on 26 November 2021 with a
settlement date 30 November 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 1,368,347 Shares , representing approximately 2.78 % of
the Group's issued ordinary share capital.
Of the 1,368,347 Shares held by the Trust, all 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 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.10% 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
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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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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END
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