Director/PDMR Shareholding

RNS Number : 4691D

Bank of Georgia Holdings PLC

28 March 2014

 

                                                                                                               London, 28 March 2014

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

The Board of Bank of Georgia Holdings plc (BGH) and the Supervisory Board of JSC Bank of Georgia (Bank or Bank of Georgia) announce the grant on 24 March 2014 of discretionary deferred share compensation awards in respect of 2013 performance in the form of nil-cost options over ordinary shares of BGH  to persons discharging managerial responsibilities (PDMRs).  The awards were made for nil consideration. 

Discretionary deferred share compensation is dependent on both Group performance and the PDMR achieving his key performance indicators. The awards to the PDMRs listed directly below are granted under and are subject to the terms of the PDMRs' service contracts and will vest over a two-year period (50% will vest on 1 January 2015 and 50% will vest on 1 January 2016).

Name of PDMR Number of ordinary shares of BGH underlying award Irakli Gilauri 25,000 Nikoloz Gamkrelidze 14,500 Archil Gachechiladze 14,500 Avto Namicheishvili 14,500 Irakli Burdiladze 18,000 Mikheil Gomarteli 15,500 Murtaz Kikoria 18,000 Sulkhan Gvalia 15,500

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.

 

END

 

 

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