Director/PDMR Shareholding

RNS Number : 1128I

Bgeo Group PLC

04 December 2015

 



                     London, 4 December 2015

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

BGEO Group Plc (BGEO) was notified today that Avto Namichieshvili, Sulkhan Gvalia and Mikheil Gomarteli, Persons Discharging Managerial Reponsibility, had sold BGEO ordinary shares (BGEO Shares) as detailed below.

On 30 November, 1 December and 2 December 2015, Mr Namichieshvili sold 44,125 BGEO Shares at an average share price of £ 19.25 per BGEO Share.  Following the sale of BGEO Shares, Mr Namichieshvili continues to hold 119,389 vested and unvested BGEO Shares, representing approximately 0.30% of the share capital of the Company. 

On 30 November and 1 December 2015, Mr Gvalia sold a total of 20,000 BGEO Shares at an average share price of £19.29 per BGEO Share. Following the sale of BGEO Shares, Mr Gvalia continues to hold 89,772 vested and unvested BGEO Shares, representing approximately 0.23% of the share capital of the Company. 

On 3 December 2015, Mr Gomarteli sold a total of 25,000 BGEO Shares at an average share price of £19.20 per BGEO Share. Following the sale of BGEO Shares, Mr Gomarteli continues to hold 80,601 vested and unvested BGEO Shares, representing approximately 0.20% 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 BGEO Group PLC

BGEO Group PLC is a UK incorporated holding company of a Georgia-based banking group with an investment arm. Its primary business is the leading Georgian bank JSC Bank of Georgia, which has a market share of 34.7% (based on total assets), 32.7% (based on total loans) and 31.9% (based on client deposits). The banking business offers a broad range of retail banking, corporate banking, investment management and P&C insurance services. As of 30 September 2015, the bank served approximately 1.9 million client accounts through one of the largest distribution networks in Georgia, with 260 branches, the country's largest ATM network, comprising 703 ATMs, 2,354 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center. The investment business primarily consists of the largest healthcare group in Georgia (Georgia Healthcare Group), real estate business (m2) and utility business (Georgia Global Utilities).

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.bgeo.com or contact: 

Irakli Gilauri	Michael Oliver	Ekaterina (Eka) Shavgulidze
Group CEO	Adviser to the CEO	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

 

 

RDSBLBDDGSGBGUS