Director/PDMR Shareholding

RNS Number : 0630Z

Bank of Georgia Holdings PLC

01 March 2013

 



London, 1 March 2013

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

Bank of Georgia Holdings PLC (BGH) was notified on 28 February 2013 by each Person Discharging Managerial Responsibily (PDMR) listed in the table below, that he has exercised his/her nil cost options to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) on the same day, pursuant to the JSC Bank of Georgia (the Bank) senior  executive equity compensation plan, in the case of executive members of management, or executive equity  compensation plan, in the case of non-executive members of management. For each PDMR, BGH Shares were withheld to meet tax liabilities, as reflected below.

Name of PDMR Options Exercised      (BGH Shares) Tax Withholding (BGH Shares) Net BGH Shares Received Archil Gachechiladze 44,167 8,834 35,333 Irakli Gilauri 93,000 18,600 74,400

This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.

Name of authorised official of issuer responsible for making notification:

Kate Bennett Rea, Company Secretary

About Bank of Georgia Holdings plc

Bank of Georgia Holdings plc is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 36.7% market share), total loans (with a 35.4% market share) and total deposits (with a 31.8% market share) as of 31 December 2012, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's	'BB-/B'
FitchRatings	'BB-/B'
Moody's	'B1/NP' (FC) & 'Ba3/NP' (LC)

For further information, please visit www.bogh.co.uk, www.bog.ge/ir or contact: 

Irakli Gilauri	Macca Ekizashvili
Chief Executive Officer	Head of Investor Relations
[phone]	[phone]
[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.

 

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