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Bank of Georgia Hldg (BGEO)

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Tuesday 27 March, 2012

Bank of Georgia Hldg

Director/PDMR Shareholding

RNS Number : 1424A
Bank of Georgia Holdings PLC
27 March 2012
 



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

 

Bank of Georgia Holdings plc (BGH) was notified on 26 March 2012 by each Person Discharging Managerial Responsibility (PDMR) listed in the table below, that s/he has exercised his/her nil cost option (Options) to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) on 26 March 2012, pursuant to the terms of the JSC Bank of Georgia's (BoG) executive equity compensation plans.  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

Murtaz Kikoria

18,779

3,756

15,023

Avto Namicheishvili

51,666

10,334

41,332

Michail Gomarteli

30,084

6,017

24,067

Archil Gachechiladze

32,167

6,434

25,733

Vasili Revishvili

29,695

5,939

23,756

Sulkhan Gvalia

30,835

6,168

24,667

Irakli Burdiladze

19,334

3,867

15,467

Nikoloz Gamkrelidze

3,300

660

2,640

Thea Jokhadze

5,168

1,035

4,133

Kakhaber Davitaia

8,001

1,601

6,400

David Vakhtangishvili

9,833

1,967

7,866

 

BoG's executive equity compensation plans provide for fixed salaries that include a cash and guaranteed long-vesting share component, and bonuses comprised of discretionary grants of nil cost options.

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
Bank of Georgia is the leading Georgian bank, based on total assets (with a 35.6% market share), total loans (with a 34.5% market share) and client deposits (with a 35.6% market share) as of 31 December 2011, 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.bog.ge/ir or contact:

Irakli Gilauri
Macca Ekizashvili
David Westover/Justin Griffiths
Chief Executive Officer
Head of Investor Relations
Citigate Dewe Rogerson
+995 322 444 109
+995 322 444 256
+44 (0) 207 638 9571
igilauri@bog.ge
ir@bog.ge
bog@citigatedr.co.uk

      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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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