Director/PDMR Shareholding

RNS Number : 5151N

Bank of Georgia Holdings PLC

09 September 2013

 

                     London, 9 September 2013

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

BGH was notified on 5 September 2013 and 6 September 2013 that Ian Hague, a Director of BGH and Managing Director of Firebird Republics Fund Ltd. and and Firebird New Russia Fund Ltd., had sold BGH ordinary shares (BGH Shares) on behalf of both funds as detailed below.

On 4 September 2013, 5 September 2013 and 6 September 2013, Firebird Republics Fund Ltd. sold 5,824 BGH Shares, 2,764 BGH Shares and 1,411 BGH Shares, respectively. BGH Shares sold on 4 September 2013 and 6 September 2013 were sold at a share price of £17.50 per BGH Share. BGH Shares sold on 5 September 2013 were sold at a share price of £17.51 per BGH Share.

On 4 September 2013, 5 September 2013 and 6 September 2013, Firebird New Russian Fund Ltd. sold 5,825 BGH Shares, 2,764 BGH Shares and 1,412 BGH Shares, respectively. BGH Shares sold on 4 September 2013 and 6 September 2013 were sold at a share price of £17.50 per BGH Share. BGH Shares sold on 5 September 2013 were sold at a share price of £17.51 per BGH Share.

Following the sale of BGH Shares by Firebird Republics Fund Ltd. and Firebird New Russia Fund Ltd.,the Firebird group of funds continues to hold 2,529,998 BGH Shares, representing approximately 7.04% of the share capital of the Company. 

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 34.7% market share), total loans (with a 34.0% market share) and total deposits (with a 31.4% market share) as of 30 June 2013, 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.bgh.co.uk, www.bog.ge/ir or contact: 

Irakli Gilauri	Nikoloz Gamkrelidze	Macca Ekizashvili
Chief Executive Officer	Deputy CEO, Finance	Head of Investor Relations
[phone]	[phone]	[phone]
[e-mail]	[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.

 

END

 

 

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