London, 11 June
2024
Notification of transactions
of Directors/Persons Discharging Managerial Responsibly and
Connected Persons - Replacement Announcement
The following amendments have been
made to the 'Notification of transactions of Directors/Persons
Discharging Managerial Responsibly and Connected Persons'
announcement released on 11 June 2024 at 17:19 under RNS No.
0316S.
In section 4(b) and 4(d) of each
PDMR form it stated 'deferred salary shares'
however it should have stated 'discretionary deferred shares'.
The full amended text is shown
below. All other details remain unchanged.
Notification of transactions
of Directors/Persons Discharging Managerial Responsibly and
Connected Persons
The notification set out below is
provided in accordance with the requirements of the UK Market Abuse
Regulation.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Archil Gachechiladze
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, CEO
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Bank of Georgia Group PLC
|
|
b)
|
LEI
|
213800XKDG12NQG8VC53
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Nil cost options over ordinary
shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over
ordinary shares in respect of discretionary
deferred shares for the 2023 work year
pursuant to the executive equity compensation plan.
40% of the shares vest immediately
and 15% will vest on each of the third, fourth, fifth and sixth
anniversaries of the start of the work year, subject to the terms
of his service agreement, and each tranche is subject to a further
two-year holding period.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
N/A
|
Volume(s)
51,462
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Grant of 51,462 nil-cost options over ordinary shares in respect of
discretionary deferred shares for the 2023
work year pursuant to the executive equity compensation
plan.
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Sulkhan Gvalia
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, Deputy CEO, CFO
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Bank of Georgia Group PLC
|
|
b)
|
LEI
|
213800XKDG12NQG8VC53
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Nil cost options over ordinary
shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over
ordinary shares in respect of discretionary
deferred shares for the 2023 work year
pursuant to the executive equity compensation plan.
40% of the shares vest immediately
and 15% will vest on each of the third, fourth, fifth and sixth
anniversaries of the start of the work year, subject to the terms
of his service agreement, and each tranche is subject to a further
two-year holding period.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
N/A
|
Volume(s)
22,467
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Grant of 22,467 nil-cost options over ordinary
shares in respect of discretionary deferred
shares for the 2023 work year pursuant to the executive
equity compensation plan.
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Zurab Kokosadze
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, Deputy CEO, Corporate
Banking
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Bank of Georgia Group PLC
|
|
b)
|
LEI
|
213800XKDG12NQG8VC53
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Nil cost options over ordinary
shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over
ordinary shares in respect of discretionary
deferred shares for the 2023 work year
pursuant to the executive equity compensation plan.
40% of the shares vest immediately
and 15% will vest on each of the third, fourth, fifth and sixth
anniversaries of the start of the work year, subject to the terms
of his service agreement, and each tranche is subject to a further
two-year holding period.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
N/A
|
Volume(s)
15,736
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Grant of 15,736 nil-cost options over ordinary
shares in respect of discretionary deferred
shares for the 2023 work year pursuant to the executive
equity compensation plan.
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Nutsa Gogilashvili
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, Deputy
CEO, Head of Mass Retail and Micro Business
Banking
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Bank of Georgia Group PLC
|
|
b)
|
LEI
|
213800XKDG12NQG8VC53
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Nil cost options over ordinary
shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85
|
|
b)
|
Nature of the transaction
|
Grant of nil-cost options over
ordinary shares in respect of discretionary
deferred shares for the 2023 work year
pursuant to the executive equity compensation plan.
40% of the shares vest immediately
and 15% will vest on each of the third, fourth, fifth and sixth
anniversaries of the start of the work year, subject to the terms
of his service agreement, and each tranche is subject to a further
two-year holding period.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
N/A
|
Volume(s)
14,887
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Grant of 14,887 nil-cost options over ordinary
shares in respect of discretionary deferred
shares for the 2024 work year pursuant to the executive
equity compensation plan.
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
For further information, please
contact: Computershare Company Secretarial Services Limited, +44
(0) 781 250 9450
Name of authorised official of
issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company
Secretary
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (LSE: BGEO
LN) is a FTSE 250 holding company whose subsidiaries provide
banking and financial services focused in the high-growth Georgian
and Armenian markets through leading, customer-centric, universal
banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By
building on our competitive strengths, we are committed to driving
business growth, sustaining high profitability, and generating
strong returns, while creating opportunities for our stakeholders
and making a positive contribution in the communities where we
operate.
Legal Entity Identifier:
213800XKDG12NQG8VC53
For
further information, please visit www.bankofgeorgiagroup.com
or
contact:
|
Michael Oliver
|
Nini Arshakuni
|
|
Adviser to the CEO
|
Head of Investor
Relations
|
|
+44 203 178 4034
|
+995 322 444 444 (7515)
|
|
moliver@bgeo.com
|
ir@bgeo.com
|
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