Director/PDMR Shareholding

RNS Number : 4759I
Bank of Georgia Group PLC
01 April 2020
 

London, 1 April 2020

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

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Archil Gachechiladze

2.

Reason for the notification

a)

Position / status

PDMR, CEO

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bank of Georgia Group PLC

b)

LEI:

213800XKDG12NQG8VC53

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification Code

 

Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC

 

 

 

GB00BF4HYT85 

 

b)

Nature of the transaction

Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.

40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

86,460



d)

Aggregated information



Aggregated volume

 

Grant of 86,460 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.


Aggregated price

n/a




e)

Dates of the transaction

31 March 2020

f)

 

Place of the transaction

Outside of a trading venue






 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sulkhan Gvalia

2.

Reason for the notification

a)

Position / status

PDMR, CFO

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bank of Georgia Group PLC

b)

LEI:

213800XKDG12NQG8VC53

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification Code

 

Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC

 

 

 

GB00BF4HYT85 

 

b)

Nature of the transaction

Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.

40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

24,000



d)

Aggregated information



Aggregated volume

 

Grant of 24,000 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.


Aggregated price

n/a




e)

Dates of the transaction

31 March 2020

f)

 

Place of the transaction

Outside of a trading venue






 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mikheil Gomarteli

2.

Reason for the notification

a)

Position / status

PDMR, Deputy CEO

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bank of Georgia Group PLC

b)

LEI:

213800XKDG12NQG8VC53

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification Code

 

Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC

 

 

 

GB00BF4HYT85 

 

b)

Nature of the transaction

Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.

40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

40,000



d)

Aggregated information



Aggregated volume

 

Grant of 40,000 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.


Aggregated price

n/a




e)

Dates of the transaction

31 March 2020

f)

 

Place of the transaction

Outside of a trading venue






 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Giorgi Pailodze

2.

Reason for the notification

a)

Position / status

PDMR, Deputy CEO

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bank of Georgia Group PLC

b)

LEI:

213800XKDG12NQG8VC53

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification Code

 

Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC

 

 

 

GB00BF4HYT85 

 

b)

Nature of the transaction

Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.

40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

15,000



d)

Aggregated information



Aggregated volume

 

Grant of 15,000 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2019 work year pursuant to the executive equity compensation plan.


Aggregated price

n/a




e)

Dates of the transaction

31 March 2020

f)

 

Place of the transaction

Outside of a trading venue






 

 






Name of authorised official of issuer responsible for making notification:  

Link Company Matters Limited, Company Secretary 

 


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