Director/PDMR Shareholding

RNS Number : 3953Z

Bank of Georgia Holdings PLC

05 February 2014

 

London, 5 February 2014

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

The Board of Bank of Georgia Holdings plc (BGH) was notified on 3 February 2014 by the trustee that the deferred share salary, which constitutes fixed compensation in the form of nil cost options in respect of ordinary shares of BGH (Shares), for each of the PDMRs listed below was granted on 28 January 2014 under JSC Bank of Georgia's (Bank or Bank of Georgia) senior executive equity compensation policy established in 2010 for the chief executive officer and top executives of the Bank of Georgia group (SEECP), in accordance with the wishes of the Bank's Supervisory Board.

Pursuant to the Bank's remuneration policy, the nil-cost options in respect of Shares are awarded annually over such number of BGH shares as is stated in the executive's service contract with the Bank. The awards in respect of the 2013 work year will vest as follows: 20% on each of 1 January 2015, 1 January 2016 and 1 January 2017, with the remaining 40% vesting on 1 January 2018.

Details of the grants of the nil costs options in respect of BGH Shares for the PDMRs participating in the SEECP are set out directly below:

Name of PDMR Number of Shares Granted Irakli Gilauri 90,000 Nikoloz Gamkrelidze 30,000 Archil Gachechiladze 30,000 Avto Namicheishvili 30,000 Irakli Burdiladze 25,000 Mikheil Gomarteli 25,000 Murtaz Kikoria 25,000 Sulkhan Gvalia 25,000

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 33.8% market share), total loans (with a 32.5% market share) and total deposits (with a 30.4% market share) as of 31 December 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.

 

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