Director/PDMR Shareholding

RNS Number : 8765F

Bank of Georgia Holdings PLC

25 February 2015

 

London,  25 February 2015

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

Bank of Georgia Holdings PLC (BGH) was notified on 25 February 2015by each Person Discharging Managerial Responsibility (PDMR) listed in the table below, that he has exercised his 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 executive equity compensation plan. 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 Irakli Burdiladze 44,000 8,800 35,200 Nikolaz Gamkrelidze 37,291 7,458 29,833

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 35.5% market share), total loans (with a 34.9% market share) and client deposits (with a 31.5% market share) as of 31 December 2014, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia and includes Privatbank's market shares. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance and healthcare services to its clients. As of 31 December 2014, the Bank served approximately 1.5 million client accounts through one of the largest distribution networks in Georgia, with 219 branches, the country's largest ATM network, comprising 523 ATMs, 2.239 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center.

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	Murtaz Kikoria	Ekaterina Shavgulidze
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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