Director/PDMR Shareholding

RNS Number : 4430Z
Bank of Georgia Group PLC
24 January 2022
 

 

 

 

 

 

 

 

London, 24 January 2022

 

 

Bank of Georgia Group PLC announces market purchase of shares for its Employee Benefit Trusts

 

Bank of Georgia Group PLC (the "Group") was notified by Sanne Fiduciary Services Limited ( "Sanne"), acting as trustee as below, that Sanne, through an independent broker, carried out the following purchases in the Group's ordinary shares with a nominal value of £0.01 each (Shares) on the London Stock Exchange:

 

Sanne Fiduciary Services Limited acting as trustee of the Rubicon Executive Equity Compensation Trust:

Number of Shares acquired

75,000

Average price paid per Share (rounded to two decimal points)

£15.33

Date of transaction

21 January 2022

Settlement date of transaction

25 January 2022

Number of Shares held by the Trust following settlement of the above transaction

1,559,486

Number of Shares allocated to existing awards

1,298,326

Percentage of the Group's issued share capital (rounded to two decimal points)

3.17%

 

Sanne Fiduciary Services Limited acting as trustee of the BOG Group Employee Trust:

Number of Shares acquired

21,699

Average price paid per Share (rounded to two decimal points)

£15.27

Date of transaction

21 January 2022

Settlement date of transaction

25 January 2022

Number of Shares held by the Trust following settlement of the above transaction

472,874

Number of Shares allocated to existing awards

342,565

Percentage of the Group's issued share capital (rounded to two decimal points)

0.96%

 

Both trusts hold Shares for the purpose of satisfying awards to be awarded to beneficiaries of each trust. The executive directors and persons discharging managerial responsibility of the Group are potential beneficiaries under these trusts and are therefore treated as having an interest in such Shares.

 

For further information, upon settlement of the above transactions, the two trusts will hold a total of 2,032,360 Shares, representing approximately 4.13% of the Group's issued ordinary share capital.

 

Name of authorised official of issuer responsible for making notification: 

Link Company Matters Limited, Company Secretary

 

About Bank of Georgia Group PLC

 

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.10% growth of its loan book in the medium-term .

 

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:



Fitch Ratings

'BB-/B'

Moody's

'Ba2/NP'

 

For further information, please visit  www.bankofgeorgiagroup.com  or contact:

 

Archil Gachechiladze

Michael Oliver

Sulkhan Gvalia

Natia Kalandarishvili

CEO

Adviser to the CEO

CFO

Head of Investor Relations

+995 322 444 144

+44 203 178 4034

+995 322 444 108

+995 322 444 444 (9282)

agachechiladze@bog.ge

moliver@bgeo.com

sgvalia@bog.ge

ir@bog.ge

 

  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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